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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 23
When evaluating whether accounting estimates made by management are reasonable, the audit team would be most interested in which of the following?
A) Key factors that are consistent with prior periods.
B) Assumptions that are similar to industry guidelines.
C) Measurements that are objective and not susceptible to bias.
D) Evidence of a conservative systematic bias.
A) Key factors that are consistent with prior periods.
B) Assumptions that are similar to industry guidelines.
C) Measurements that are objective and not susceptible to bias.
D) Evidence of a conservative systematic bias.
Explanation
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Audit refers to the inspection of the ac...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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