Identify for each item below the type of change and the reporting approach Wagner would use. Type of Change (choose one) Reporting Approach (choose one) P. E. EP. X. N. Change in accounting principle Change in accounting estimate Change in estimate resulting from a change in principle Correction of an error Neither an accounting change nor an accounting error. R. Retrospective approach P. Prospective approach
Identify for each item below the type of change and the reporting approach Wagner would use. Type of Change (choose one) Reporting Approach (choose one) P. E. EP. X. N. Change in accounting principle Change in accounting estimate Change in estimate resulting from a change in principle Correction of an error Neither an accounting change nor an accounting error. R. Retrospective approach P. Prospective approach
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 45RSCQ: The accounting and auditing literature discusses several different types of accounting changes. For...
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