Which of the following is not one of the primary approaches that the auditors may use when evaluating the reasonableness of accounting estimates? Group of answer choices Review and test management's process of developing estimates. Confirm estimates directly with outsiders. Review subsequent events or transactions that have bearing on the estimate. Independently develop an estimate of the amount to be compared to management's estimate.
Which of the following is not one of the primary approaches that the auditors may use when evaluating the reasonableness of accounting estimates? Group of answer choices Review and test management's process of developing estimates. Confirm estimates directly with outsiders. Review subsequent events or transactions that have bearing on the estimate. Independently develop an estimate of the amount to be compared to management's estimate.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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71
Which of the following is not one of the primary approaches that the auditors may use when evaluating the reasonableness of accounting estimates?
Group of answer choices
Review and test management's process of developing estimates.
Confirm estimates directly with outsiders.
Review subsequent events or transactions that have bearing on the estimate.
Independently develop an estimate of the amount to be compared to management's estimate.
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