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:

Knowledge-Based

Relates to systems or approaches that utilize a comprehensive collection of understanding or data to solve problems.

Nominal-Kind

Refers to categories or classes that are defined by specific, shared features among their members, in the context of linguistics or logic.

Categorization

The cognitive process of grouping things based on shared characteristics or properties.

Musical Instrument

An object or device created or adapted to produce musical sounds.