Question: How do you evaluate your own methods used to develop an independent expectation when testing an accounting estimate? Perform procedures to address whether the methods
How do you evaluate your own methods used to develop an independent expectation when testing an accounting estimate?
Perform procedures to address whether the methods are consistent with historical or recent experience
Perform procedures to address whether the methods are appropriate in the context of the applicable financial reporting framework.
Perform procedures to address whether the methods are relevant and reliable.
Perform procedures to address whether the methods are consistent with relevant assumptions used in the estimate.
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