The auditor can rely on the combination of management's estimates of fair value estimates and any associated impairment write downs that result to long-lived assets, when required, combined with the opinion of the specialist hired by management in auditing management's estimates and write downs.

Question

Quizplus · Accepted Answer

The auditor can rely on the combination of management's estimates of fair value estimates and any associated impairment write downs that result to long-lived assets, when required, combined with the opinion of the specialist hired by management in auditing management's estimates and write downs.

The Auditor Can Rely on the Combination of Management's Estimates