Assuming the policy change is considered material, how should it be reported and disclosed in the 2014 financial statements and what would be the effect, if any, of the accounting change on the auditor 's report ...

Based on ASC 250 it appears there are 3 possible ways to account for the policy change a change in accounting principle a change in accounting estimate or a change in accounting error The best argumen ...

Assuming the policy change is considered material, how should it be reported and disclosed in the 2014

Question:

Assuming the policy change is considered material, how should it be reported and disclosed in the 2014 and what would be the effect, if any, of the accounting change on the auditor's report?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...