All of the following are risk assessment procedures for the audit of accounting estimates except: a. Gain

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All of the following are risk assessment procedures for the audit of accounting estimates except: 

a. Gain an understanding of what is required by the applicable financial reporting framework. 

b. Develop an auditor’s estimate. 

c. Inquire about the outcome of prior-period estimates. 

d. Determine if an identified risk should be assessed as a significant risk.

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Auditing A Practical Approach With Data Analytics

ISBN: 9781119785996

2nd Edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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