Which of the Following Is Not a Basic Approach Often

question 28

Multiple Choice

Which of the following is not a basic approach often used by auditors to evaluate the reasonableness of accounting estimates?

• A)Observation of procedures.
• B)Review of management's process of development.
• C)Independent development of an estimate.
• D)Review of subsequent events.

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Definitions:

Question-and-answer Session

A period during a conference or seminar when participants can ask questions and get answers from speakers or experts.

Clarification

The process of making information clear and more comprehensible by removing ambiguities or providing additional details.

Audience Awareness

The understanding and consideration of the interests, preferences, and characteristics of the intended recipients or viewers of a communication or work.

Nervousness

A feeling of tension, worry, or unease, typically about an imminent event or something with an uncertain outcome.