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AUD Prep

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Question:

FYI: In Evaluating Consistency, the auditor should evaluate whether the comparability between periods has been affected by either a material change in accounting principle or a material restatement of financial statements.

Author: Monique Tyler



Answer:

When the Auditor's Opinion Covers Two (or More) Periods—The auditor should evaluate the consistency between such periods, as well as the consistency of the earliest period covered by the auditor's opinion with the prior period.


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