When an entity changed at the end of the reporting period longer or shorter than one year, an entity shall disclose all of the following except: Period covered by the financial statements The reason for using a longer or shorter period The fact that amounts presented in the financial statements are not entirely comparable The fact that similar entities in the geographical area in which the entity operates have done so in the current year
When an entity changed at the end of the reporting period longer or shorter than one year, an entity shall disclose all of the following except: Period covered by the financial statements The reason for using a longer or shorter period The fact that amounts presented in the financial statements are not entirely comparable The fact that similar entities in the geographical area in which the entity operates have done so in the current year
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter15: Audit Reports For Financial Statement Audits
Section: Chapter Questions
Problem 12RQSC
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Question
When an entity changed at the end of the reporting period longer or
shorter than one year, an entity shall disclose all of the following except:
Period covered by the financial statements
The reason for using a longer or shorter period
The fact that amounts presented in the financial statements are not entirely
comparable
The fact that similar entities in the geographical area in which the entity operates
have done so in the current year
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