Which of the following is not a relevant aspect of internal controls over estimates?
A)External auditor involvement in developing assumptions
B)Adequate review by appropriate levels of authority
C)Comparison of prior estimates with subsequent results
D)All the above are relevant aspects of internal controls over estimates.

Question

Quizplus · Accepted Answer

External auditor involvement in developing assumptions is not a relevant aspect of internal controls over estimates as it pertains to the role of management in developing and reviewing estimates. The other options listed (B, C, and D) are all relevant aspects of internal controls over estimates.

Which of the Following Is Not a Relevant Aspect of Internal