Which of the following requires recognition in the auditors, Ask an Expert

Accounting

Which of the following requires recognition in the auditor's report as to consistency?

a. Changing the presentation of prepaid insurance from inclusion in other assets to disclosing it as a separate line item.

b. Division of the consolidated subsidiary into two subsidiaries that are both consolidated.

c. Changing the salvage value of an asset.

d. Changing the companies included in combined financial statements.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407224

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