Question: Why is it important that auditors communicate information about accounting estimates to those in charge of governance? (Select all that apply.) Multiple select question. Accounting

Why is it important that auditors communicate information about accounting estimates to those in charge of governance? (Select all that apply.) Multiple select question. Accounting estimates are typically immaterial to the financial statements. Accounting estimates involve subjectivity and assumptions. Future events can affect accounting estimates in a significant way. Accounting estimates can be highly significant to the financial statements. Accounting estimates are determined by the external auditor

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