Which of the following statements is true with respect to estimation uncertainty? a. It is an accounting
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Which of the following statements is true with respect to estimation uncertainty?
a. It is an accounting concept relating to precision and so it has no impact on an audit.
b. Complexity, subjectivity, and uncertainty impact estimation uncertainty.
c. All accounting estimates are high in estimation uncertainty.
d. Estimation uncertainty is not considered when determining the audit effort with respect to accounting estimates.
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Related Book For
Auditing A Practical Approach
ISBN: 9781119709497
4th Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
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