When evaluating whether accounting estimates made by management are reasonable, the audit team would be most interested
Question:
a. Key factors that are consistent with prior periods.
b. Assumptions that are similar to industry guidelines.
c. Measurements that are objective and not susceptible to bias.
d. Evidence of a conservative systematic bias.
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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