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The use of estimates is a normal part of the accrual accounting process. Discuss two or three estimates used by accountants on a regular basis

The use of estimates is a normal part of the accrual  accounting  process. Discuss two or three estimates used by accountants on a regular basis  (for example, depreciation). With the core values of responsible stewardship and  integrity in mind, discuss how management may misuse these estimates. Why would  they do so? Discuss procedures and activities that can be put in place to  dissuade management from engaging in such untoward behavior.

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