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During the audit of Jack Corporation, the auditors noted that the client switched from the LIFO inventory costing method to the FIFO method. As a
During the audit of Jack Corporation, the auditors noted that the client switched from the LIFO inventory costing method to the FIFO method. As a result of this finding, what should the auditors request? O The auditors should ensure all reconciliations between the two methods are correct. O The auditors should consider including a copy of all reconciliation calculations as an addendum to the financial statements, in the interests of transparency. O The auditors should file appropriate paperwork with the SEC to notify them of the change, per generally accepted auditing standards. O The auditors should request management add pertinent note disclosures to the financial statements, drawing attention to this change
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