When there is a lack of consistent application of GAAP due to a new accounting pronouncement, no explanatory paragraph is required.

Name: When there is a lack of consistent application of GAAP due to a new accounting pronouncement, no explanatory paragraph is required.
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When there is a lack of consistent application of GAAP due to a new accounting pronouncement, an explanatory paragraph is required in the auditor's report.

When There Is a Lack of Consistent Application of GAAP