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[Blaka]

A company can change its accounting policies, but it has to stick to the rules and standards. These policies are the specific rules and practices a company follows when making its financial statements. Changes might happen because of business changes, new rules, or wanting clearer financial reports.

When a company decides to switch up its accounting policies, it has to follow certain steps from the rules. This includes telling everyone in the financial statements about the changewhy it's happening, what it means for the money things, and any adjustments made to make sure it matches with before.

It's important for companies to be clear with stakeholders, like investors and regulators, about these changes. And following the right accounting standards, like IFRS or GAAP, is crucial to keep financial reporting honest and reliable.

 

[IB DD]

A company can change it's accounting policies after incorporation if there is a genuine need to do that.

In the UK, the Financial Reporting Council (FRC) should be made to be aware of such changes and their approval gotten before such changes are made.

 

[Deyiang]

well different countries have different process of doing things especially when it comes to changes in a company. The main fact is that before this can be done there must clear explanation to the stakeholders or investors and due process must be followed provided there is general acceptance