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Study the following extract from the financial statementof a listed company and attempt the questions Required Discuss indicators of management bias in audit of fair
Study the following extract from the financial statementof a listed company and attempt the questions
Required
- Discuss indicators of management bias in audit of fair value accounting estimates that must be considered by the auditor in accordance with the requirement of ISA 540 and in specific reference of the above case.
- Discuss how the auditor should respondto the assessed risk of material misstatement arising from fair value estimate in the above case
- Discuss the overall audit procedure in relation to accounting estimates
- If the information provided to the valuer is inconsistent with the information provided to the auditor preparethe except for paragraph for inclusion in the auditor report.
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