The Client Makes Estimates Relative to Recorded Amounts in the Financial

question 115

Multiple Choice

The client makes estimates relative to recorded amounts in the financial statements.In determining the reasonableness of these estimates the auditor should consider which of the following?

• A)Historical trends and information.
• B)Results of reconciliation procedures.
• C)That there is an adequate cushion.
• D)That management hired independent experts to quantify all estimates .

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