(b) Change in accounting policy may have a material effect on the items of financial statements." Explain the statement with the help of an example.

Auditing: A Risk Based-Approach to Conducting a Quality Audit
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ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
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(b) Change in accounting policy may have a material effect on the items of financial
statements." Explain the statement with the help of an example.
Transcribed Image Text:(b) Change in accounting policy may have a material effect on the items of financial statements." Explain the statement with the help of an example.
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