Disclosure notes related to a change inaccounting principle under the retroactiv
ID: 2433734 • Letter: D
Question
Disclosure notes related to a change inaccounting principle under the retroactive approach shouldinclude: 1) The effect of thechange on executive compensation. 2) The auditor'sapproval of the change. 3) The SEC's permissionto change. 4) Justification for thechange. Disclosure notes related to a change inaccounting principle under the retroactive approach shouldinclude: Disclosure notes related to a change inaccounting principle under the retroactive approach shouldinclude: The effect of thechange on executive compensation. The auditor'sapproval of the change. The SEC's permissionto change. Justification for thechange. 1) The effect of thechange on executive compensation. 2) The auditor'sapproval of the change. 3) The SEC's permissionto change. 4) Justification for thechange.Explanation / Answer
Disclosure notes related to a change in accountingprinciple under the retroactive approach should include 4) Justification for the change.
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