Evaluation of the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management is the responsibility of a-Auditor b-Management c-Accountant d-Director

Evaluation of the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management is the responsibility of a-Auditor b-Management c-Accountant d-Director

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter14: Completing A Quality Audit

Section: Chapter Questions

Problem 30RQSC

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Question

Evaluation of the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management is the responsibility of

a-Auditor

b-Management

c-Accountant

d-Director

Definition Definition Process by which financial information is analyzed, interpreted, and communicated to managers to support the achievement of an organization's goals. The main objective of managerial accounting is to maximize profits and minimize losses.

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