13.      The following matters, if present, are relevant to the necessary understanding of the company's selection and application of accounting principles, including related disclosures:

• Significant changes in the company's accounting principles, financial reporting policies, or disclosures and the reasons for such changes;
• The financial reporting competencies of personnel involved in selecting and applying significant new or complex accounting principles;
• The accounts or disclosures for which judgment is used in the application of significant accounting principles, especially in determining management's estimates and assumptions;
• The effect of significant accounting principles in controversial or emerging areas for which there is a lack of authoritative guidance or consensus;
• The methods the company uses to account for significant and unusual transactions; and
• Financial reporting standards and laws and regulations that are new to the company, including when and how the company will adopt such requirements.