In a Reasonableness Test,the Auditor Develops an Expected Value of an Account

question 89

True/False

In a reasonableness test,the auditor develops an expected value of an account by using data wholly or partly independent of the client's accounting information system.

---

Definitions:

Sum Greater

A condition or outcome where the total quantity or amount exceeds a specified reference point or comparison amount.

Probability Model

A mathematical representation that assigns probabilities to different outcomes in a random experiment.

Amount Won

The total sum of money or prizes earned from a competition or gambling.

Carnival Game

A game of chance or skill, often found at amusement parks or carnivals, where players can win prizes.