HW2 - HW 2 3-31 SHOULD AUDITOR'S REPORT BE MODIFIED? TYPE...

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HW 2 3-31 ITEM NO. TYPE OF CHANGE SHOULD AUDITOR'S REPORT BE MODIFIED? 1 An error correction not involving an accounting principle. No 2 An accounting change involving a correction of an error in principle, which is accounted for as a correction of an error. Yes 3 An accounting change involving a change in the reporting entity, which is a special type of change in accounting principles. Yes 4 An accounting change involving both a change in accounting principle and a change in accounting estimate. Although the effect of the change in each may be inseparable and the accounting for such a change is the same as that for a change in estimate only, an accounting principle is involved. Yes 5 An accounting change involving a change from one generally accepted accounting principle to another generally accepted accounting principle. Yes 6 An accounting change involving a change in an accounting estimate. No
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HW2 - HW 2 3-31 SHOULD AUDITOR'S REPORT BE MODIFIED? TYPE...

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