Auditors typically do not keep track of the differences between management estimates and the most reasonable estimates supported by audit evidence.

Question

Quizplus · Accepted Answer

Auditors are required to evaluate management's estimates and determine if they are reasonable based on audit evidence. If the auditor determines that management's estimate is not reasonable, they must communicate this to management and make appropriate adjustments in the financial statements.

Auditors Typically Do Not Keep Track of the Differences Between