In Evaluating an Entity's Accounting Estimates,one of the Auditor's Objectives

question 66

Multiple Choice

In evaluating an entity's accounting estimates,one of the auditor's objectives is to determine whether the estimates are

• A)Prepared in a satisfactory control environment.
• B)Consistent with industry guidelines.
• C)Based on verifiable objective assumptions.
• D)Reasonable in the circumstances.

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Definitions:

Archaeplastids

A group in the eukaryotic tree of life that includes red algae, green algae, and land plants, characterized by the presence of plastids with a double membrane.

Antheridium

(pl., antheridia) In plants, the multicellular male gametangium (sex organ) that produces sperm cells. Compare with archegonium.

Archegonium

A female reproductive structure found in ferns, mosses, and some conifers and flowering plants, producing a single egg cell for fertilization.

Sporangium

A spore case, found in plants, certain protists, and fungi.