In Order to Evaluate Management's Estimation Process, _______

Multiple Choice

In order to evaluate management's estimation process, _______.

A) auditors use the knowledge gained about the industry and the applicable financial reporting framework during risk assessment
B) auditors use the knowledge gained about other industries and the applicable financial reporting framework during risk assessment
C) auditors compare management estimates with other management estimates at other companies
D) the auditors ask the internal audit function to review and come to a conclusion which can be included in the audit report