The issues that may lead to inconsistent financial statements include
A)a change in accounting estimate
B)a change in accounting procedure
C)adjustment to correct a misstatement in the current financial statements
D)a change in accounting principle
E)adjustment to correct a misstatement in previously issued financial statements
F)both A and B
G)both C and E
H)Both D and E

Question

Quizplus · Accepted Answer

A change in accounting principle and adjustments to correct misstatements in previously issued financial statements can lead to inconsistencies in financial statements.

The Issues That May Lead to Inconsistent Financial Statements Include