Changed accounting principles


Question 1: After individuals become licensed in accounting, type typically must do what?

A. Work for an auditing firm for 120 hours.

B. Continue their education by acquiring CPE's.

C. Become an Enrolled Agent with the IRS.

D. Open a public practice in accounting.

Question 2: If a company has changed accounting principles, the auditor will issue what type of statement?

A. Lack of accounting standards.

B. Change in costing principles.

C. Lack of consistency.

D. Misstatement of accounting principles.

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Accounting Basics: Changed accounting principles
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