An Auditor Generally Concludes That a Client's Estimate Is Appropriate

question 60

Multiple Choice

An auditor generally concludes that a client's estimate is appropriate if:

• A) it is consistent with a prior year amount.
• B) the underlying amount is not known with certainty.
• C) it is within a range of acceptable amounts.
• D) the underlying assumptions are subjective.

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Definitions:

Primary Circular Reactions

Early infantile behaviors, identified in Jean Piaget's theory of cognitive development, characterized by repetitive actions that focus on the infant's own body, usually discovered by chance.

Secondary Circular Reactions

A stage in Piaget's theory of cognitive development where infants repeat an action that has an interesting effect outside of their own body.

Coordination

The organized arrangement of different elements or body parts to perform a task smoothly and efficiently.

Primary Circular Reactions

Early infantile behaviors observed in the sensorimotor stage, involving repetitive actions that focus on the infant's own body.