Discuss whether the changes described in each of the cases below require recognition in the CPA’s report as to consistency. (Assume that the amounts are material.)

(a) After 3 years of computing depreciation under an accelerated method for income tax purposes and under the straight-line method for reporting purposes, the company adopted an accelerated method for reporting purposes.

(b) The company disposed of one of the two subsidiaries that had been included in its consolidated statements for prior years.

(c) The estimated remaining useful life of plant property was reduced because of obsolescence.

(d) The company is using an inventory valuation method that is different from those used by all other companies in its industry.