Which of the following is a substantive procedure in the audit of estimates made by auditor?
A) Observing whether estimates are prepared by qualified personnel.
B) Recalculating the mathematical estimate.
C) Scanning for evidence of review by senior management.
D) Ensuring estimates are recorded in the right accounts.
Correct Answer:
Verified
Q1: If an auditor decided to confirm share
Q2: Which of the following procedures is a
Q4: Who is responsible for making accounting estimates?
A)Auditors.
B)Management.
C)Boards
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Q7: The main risks in the finance and
Q8: Recordkeeping for the management of some intangible
Q9: Which of the following questions is an
Q10: Which management assertion is of most importance
Q11: Selecting a sample of paid notes and
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