Q10

1. Which of the following statements is correct with regard to management use of a brokers quotation to support a fair value estimate?

   	A.	If the quotation is from the broker who initially sold the instrument, the evidence might be less objective and might need supplementation.
   	B.	A brokers quotation that is based on a cash flow methodology cannot be accepted.
   	C.	The auditor is not required to obtain an understanding of the brokers methodology for obtaining the fair value estimate.
   	D.	A brokers quotation that is based on a combination of methodologies cannot be accepted.