Auditors test management's estimates of impaired value through reference to which of the following?
A)economic plans.
B)evidence of fair market value.
C)estimated cash flow.
D)All of the above.

Question

Quizplus · Accepted Answer

Auditors test management's estimates of impaired value by considering economic plans, evidence of fair market value, and estimated cash flow. By doing so, auditors can assess whether management's estimates seem reasonable and consistent with market conditions and other relevant information. This helps ensure that financial statements accurately reflect the value of assets and identify any potential impairments. Therefore, all of the above choices are relevant for testing management's estimates of impaired value.

Auditors Test Management's Estimates of Impaired Value Through Reference to Which