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2110,2801,2301,2820,sas 57,pcaob auditing standards,with respect to management’s accounting estimates, auditors are responsible for,what should be documented in form 200 estimates lead sheet
PC*** : AS 2501: Auditing Accounting Estimates, Including Fair ...
.01 This standard establishes requirements for auditing accounting estimates (including fair value measurements) in significant accounts and disclosures in ...
Pe***e also ask : What is as 2501?
AS 2501: Auditing Accounting Estimates, Including Fair Value Measurements. Amendments: Amending releases and related SEC approval orders.
Pe***e also ask : What are auditors require to perform over estimates?
The auditor is responsible for evaluating the reasonableness of accounting estimates made by management in the context of the financial statements taken as a whole. As estimates are based on subjective as well as objective factors, it may be difficult for management to establish controls over them.
Pe***e also ask : What is a significant accounting estimate?
Significant accounting estimates are estimates used for the preparation of the financial statements where accurate, historic amounts and/or information are not available.