Why does the auditor assess the impact of estimates on an audit? What information should the auditor

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Why does the auditor assess the impact of estimates on an audit?

What information should the auditor obtain to perform the risk assessment 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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Why does the auditor assess the impact of estimates on an audit? What information should the auditor

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The auditor assesses the impact of estimates on an audit for several reasons Materiality Estimates often involve significant amounts in the financial statements Assessing the impact of estimates helps ...View the full answer

Auditing A Practical Approach

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