Which of the following characteristics of an accounting estimate would lead to lower estimation uncertainty? a. Estimate

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Which of the following characteristics of an accounting estimate would lead to lower estimation uncertainty?

a. Estimate is related to routine transactions.

b. Estimate is derived from a model developed by the client.

c. Estimate is related to complex transactions.

d. Estimate involves assumptions that cannot be observed in a public market.

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Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

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

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Question Posted: Jan 01, 2020 05:15 AM

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Which of the following characteristics of an accounting estimate would lead to lower estimation uncertainty? a. Estimate

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