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

Question 97

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AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures states the objective of the auditor is to obtain sufficient appropriate evidence that _______.


A) the accounting estimates are reasonable
B) accounting estimates are reasonable, but disclosures are not adequate
C) accounting estimates are reasonable, and disclosures are adequate
D) disclosures are adequate

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