An accounting change is a change in
(1) an accounting principle,
(2) an accounting estimate, or
(3) the reporting entity.
The correction of an error in previously issued financial statements is not an accounting change.
FASB ASC 250-10-20
(1) an accounting principle,
(2) an accounting estimate, or
(3) the reporting entity.
The correction of an error in previously issued financial statements is not an accounting change.
FASB ASC 250-10-20