Bundle: Auditing: A Risk Based-Approach, Loose-leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
Bundle: Auditing: A Risk Based-Approach, Loose-leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
11th Edition
ISBN: 9781337734493
Author: JOHNSTONE, Karla M; Gramling, Audrey A.; Rittenberg, Larry E.
Publisher: Cengage Learning
Question
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Chapter 6, Problem 13CYBK
To determine

Introduction:

Management has some criteria while arriving at estimates. The auditor must go through the process, through which the management has arrived on such estimates. We have to examine whether this statement is true or false.

To conclude:

It is about the correctness or incorrectness of the statement that an auditor has to understand the processes through which the management develops the estimates to test the management estimates.

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