The statement that is not true in relation to auditing and accounting measurement systems is:
A)Auditors must contend with a mixed measurement model
B)Auditors deal with some valuation issues by seeking expert opinions.
C)Evidence suggests that expert valuations are more reliable than those made by management
D)None of the above,i.e.all are true statements

Question

Quizplus · Accepted Answer

Evidence does not suggest that expert valuations are always more reliable than those made by management. The reliability of expert valuations depends on the expertise and independence of the expert, as well as the quality of the data provided to them. Auditors must exercise professional judgment in evaluating the reliability of expert valuations.

The Statement That Is Not True in Relation to Auditing