Changes in accounting methods must be disclosed in three prominent places. These are
A)the auditor's report, financial statement notes, and the balance sheet.
B)financial statement notes, the income statement, and the auditor's report.
C)the balance sheet, the income statement, and the statement of cash flows.
D)notes to financial statements, the management letter, and the income statement.

Question

Quizplus · Accepted Answer

Changes in accounting methods must be disclosed in the financial statement notes, the income statement, and the auditor's report to ensure transparency and consistency in financial reporting.

Changes in Accounting Methods Must Be Disclosed in Three Prominent