Which of the following is a true statement about a request for a change in accounting method? Multiple Choice Some requests are automatically granted. Most requests require the permission of the commissioner. Many requests require payment of a fee and a good business purpose for the change. Form 3115 is typically required to be filed with a request for change in accounting method.

Auditing: A Risk Based-Approach (MindTap Course List)
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Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
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Chapter9: Auditing The Revenue Cycle.
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Which of the following is a true statement about a request for a change in accounting
method?
Multiple Choice
Some requests are automatically granted.
Most requests require the permission of the commissioner.
Many requests require payment of a fee and a good business
purpose for the change.
Form 3115 is typically required to be filed with a request for
change in accounting method.
Transcribed Image Text:Which of the following is a true statement about a request for a change in accounting method? Multiple Choice Some requests are automatically granted. Most requests require the permission of the commissioner. Many requests require payment of a fee and a good business purpose for the change. Form 3115 is typically required to be filed with a request for change in accounting method.
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