Which of the following statements is true with respect to estimation uncertainty? a. It is an accounting

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Which of the following statements is true with respect to estimation uncertainty?

a. It is an accounting concept relating to precision and so it has no impact on an audit.

b. Complexity, subjectivity, and uncertainty impact estimation uncertainty.

c. All accounting estimates are high in estimation uncertainty.

d. Estimation uncertainty is not considered when determining the audit effort with respect to accounting estimates.

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Auditing A Practical Approach

ISBN: 9781119709497

4th Canadian Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

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Question Posted: Feb 27, 2024 03:11 AM

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Which of the following statements is true with respect to estimation uncertainty? a. It is an accounting

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The correct answer is b Complexity subjectivity and uncertainty impact estimation uncertainty Explan...View the full answer

Auditing A Practical Approach

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