Which of the Following Is Not an Example of Management's

question 10

Multiple Choice

Which of the following is not an example of management's policies and procedures over the preparation of accounting estimates?

• A)Accumulation of relevant,sufficient,and reliable data.
• B)Preparation of estimates by qualified personnel.
• C)Review by the independent auditor.
• D)Consideration by management of whether the accounting estimates are consistent with the company's operational plans.

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Definitions:

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative attitude.

Health Benefits

The positive effects on physical and/or mental well-being that come from various activities, dietary habits, or healthcare treatments.

Optimism

A mental attitude characterized by hope and confidence in success and a positive future.

Journaling

The practice of regularly documenting one's thoughts, experiences, and emotions as a way to process and manage them.