Which of the following characteristics of an accounting estimate would lead to lower estimation uncertainty? a. Estimate

Question:

Which of the following characteristics of an accounting estimate would lead to lower estimation uncertainty?

a. Estimate is related to routine transactions.

b. Estimate is derived from a model developed by the client.

c. Estimate is related to complex transactions.

d. Estimate involves assumptions that cannot be observed in a public market.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

Question Posted: