Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 2 - Conceptual Framework for Financial Reporting - Brief Exercises - Page 69: BE2-3d

Answer

Not necessary

Work Step by Step

Using a unique evaluation method from what other organizations use does not necessitate a consistency comment in the CPA’s report. This is mainly because consistency is ensuring accounting principles/rules from one period to another rather than an organization following the same accounting principles as the others.
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