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In responding to the assessed risks of material misstatement for accounting estimates, the auditor may evaluate the reasonableness of the assumptions used by management. Discussion
In responding to the assessed risks of material misstatement for accounting estimates, the auditor may evaluate the reasonableness of the assumptions used by management. Discussion a Determine the matters that the auditor may consider in evaluating the reasonableness of the assumptions used by management, including fair value accounting estimates. b What additional matters may the auditor consider where fair value accounting estimates are based on unobservable inputs?
In responding to the assessed risks of material misstatement for accounting estimates, the auditor may evaluate the reasonableness of the assumptions used by management.
Discussion
a Determine the matters that the auditor may consider in evaluating the reasonableness of the assumptions used by management, including fair value accounting estimates.
b What additional matters may the auditor consider where fair value accounting estimates are based on unobservable inputs?
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