Which of these is NOT a red flag indicating non- compatibility in financial statements? A)Changes in GAAP applied B)Changes in the composition of the board of directors C)Changes in accounting method choices D)Changes in accounting estimate choices

Question

Quizplus · Accepted Answer

Changes in the composition of the board of directors may not necessarily indicate non-compatibility in financial statements. However, changes in GAAP applied, accounting method choices and accounting estimate choices may affect the comparability and consistency of financial statements.

Which of These Is NOT a Red Flag Indicating Non-