When it is difficult to distinguish a change in accounting policy from a change in an accounting estimate, the change is treated as A. Change in accounting estimate with appropriate disclosure B. Change in accounting policy C. Correction of an error D. Initial adoption of an accounting policy

When it is difficult to distinguish a change in accounting policy from a change in an accounting estimate, the change is treated as A. Change in accounting estimate with appropriate disclosure B. Change in accounting policy C. Correction of an error D. Initial adoption of an accounting policy

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter15: Audit Reports On Financial Statements

Section: Chapter Questions

Problem 29MCQ

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Question

When it is difficult to distinguish a change in accounting policy from a
change in an accounting estimate, the change is treated as

A. Change in accounting estimate with appropriate disclosure
B. Change in accounting policy
C. Correction of an error
D. Initial adoption of an accounting policy

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