According to Cockburn,which of the following statements relating to auditors' reasonable ranges is FALSE?
A)The key issue is factors to consider in determining the width of the range.
B)The auditor must accept the reality of the uncertainty that may be associated with the range.
C)Specialists such as engineers,actuaries,and economists may need to be consulted.
D)The range estimate must be made at the year-end date.

Question

Quizplus · Accepted Answer

Cockburn does not explicitly state that the range estimate must be made at the year-end date. It is important for the range to be relevant to the financial statement period being audited, but the timing of the estimate may vary depending on the circumstances. The other statements are true according to Cockburn's discussion of auditors' reasonable ranges.

According to Cockburn,which of the Following Statements Relating to Auditors