An auditor must always an independent expectation in the process of obtaining evidence of reasonableness for every material estimate.

Name: An auditor must always an independent expectation in the process of obtaining evidence of reasonableness for every material estimate.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While independence is crucial in auditing, an auditor may not always need to develop an independent expectation for every material estimate if they can rely on other evidence that supports the estimate's reasonableness.

An Auditor Must Always an Independent Expectation in the Process