Answer:
Reporting using comparative financial statements for the first time
Step-by-step explanation:
Change in reporting entity is when previously distinct entities come together and jointly present a report. It also occurs when there is a new combination of entities, due to one leaving, a new entity joining or an entity being replaced by another.
When the companies that comprise a consolidated group are changed, this is a change in reporting entity. The same is true of presenting consolidated financial statements for the first time. Consolidated financial statements present financial information of a parent company and its subsidiaries as an entity.
However, comparative financial statements are not a change of reporting entity, they are simply financial reports that present the financial information of more than one period.