According to PAS 1, the judgments and estimates embodied in the financial statements, for example, materiality judgments, assessments of uncertainty and risk, and the like, are the responsibility of the entity's

According to PAS 1, the judgments and estimates embodied in the financial statements, for example, materiality judgments, assessments of uncertainty and risk, and the like, are the responsibility of the entity's

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

According to PAS 1, the judgments
and estimates embodied in the
financial statements, for example,
materiality judgments, assessments
of uncertainty and risk, and the like,
are the responsibility of the entity's *
management.
accountant.
auditor.
O janitor

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