in 200-250 words please no more no less

An often contentious area of discussion between the auditor and the client is the preciseness with which an estimate is to be

made, for example, an estimate of the warranty liability of an automotive manufacturer.

Scenario: Your client argues that because an estimate is subjective, the range for materiality ought to be larger than it would

be for a less subjective account. Do you agree or disagree? Explain your rationale.