(DOWNLOAD) "Audit Report Modifications for Changes in Accounting Principles: Are Auditors Too Enthusiastic?" by Academy of Accounting and Financial Studies Journal ~ eBook PDF Kindle ePub Free
eBook details
- Title: Audit Report Modifications for Changes in Accounting Principles: Are Auditors Too Enthusiastic?
- Author : Academy of Accounting and Financial Studies Journal
- Release Date : January 01, 1997
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 280 KB
Description
INTRODUCTION A change in accounting principle occurs when a company changes from one generally accepted accounting principle (GAAP) to another generally accepted accounting principle. Such changes impact the consistency of financial reporting between years; therefore, Accounting Principles Board (APB) Opinion No. 20 requires financial statement disclosure of the nature of the change, justification for the change, and the cumulative effect of the change on income.
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