An auditor must calculate the actuarial estimates for the client to record an accurate pension liability.

Name: An auditor must calculate the actuarial estimates for the client to record an accurate pension liability.
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Quizplus · Accepted Answer

An auditor's role is to review and verify the accuracy of financial statements, not to calculate actuarial estimates. Actuarial estimates are typically calculated by actuaries, who specialize in assessing financial risks and uncertainties.

An Auditor Must Calculate the Actuarial Estimates for the Client