A Company's History of Exactly Meeting Analyst Estimates Is a Factor

question 63

True/False

A company's history of exactly meeting analyst estimates is a factor which could lead auditors to assess inherent risk at a higher level.

---

Definitions:

Optimism

A mental attitude reflecting a belief or hope that the outcome of some specific endeavor, or outcomes in general, will be positive, favorable, and desirable.

Tactful

Showing sensitivity and thoughtfulness in dealing with others, especially in difficult or delicate situations.

Negative Decision

A decision that results in a rejection or unfavorable outcome for the recipient.

Company Policy

Guidelines and rules established by an organization to dictate behavior and decisions in the workplace.