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AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates

Question 91

Multiple Choice

AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures states _______.


A) the objective of the auditor is to obtain sufficient appropriate evidence that accounting estimates are reasonable and disclosures are adequate
B) the objective of the internal auditor is to obtain sufficient appropriate evidence that accounting estimates are reasonable and disclosures are adequate
C) the objective of the auditor is to obtain sufficient appropriate evidence that accounting estimates are reasonable only
D) the objective of the auditor is to obtain sufficient appropriate evidence that disclosures are adequate only

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