Which of the Following May NOT Involve a High Degree

question 121

Multiple Choice

Which of the following may NOT involve a high degree of management judgment and subjectivity and may present risks of material misstatement due to fraud?

• A) Investments
• B) Deferred acquisition costs
• C) Reinsurance
• D) key estimates

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Definitions:

Cerebrum

The largest part of the brain, responsible for higher brain functions such as thought and action.

Encephalization Quotient

A measure of brain size relative to body mass, used to estimate the relative intelligence or cognitive abilities of an animal.

Brain Size

The overall volume or mass of the brain, which can vary significantly between species and is often related to cognitive ability and complexity.