menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Modern Auditing Assurance
  4. Exam
    Exam 12: Audit Procedures in Response to Assessed Risks: Substantive Tests
  5. Question
    An <B>accounting Estimate</b> Is a Guess in the Absence of an Exact
Solved

An accounting Estimate Is a Guess in the Absence of an Exact

Question 55

Question 55

True/False

An accounting estimate is a guess in the absence of an exact measurement.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q50: In obtaining evidence concerning the cash balance,

Q51: Substantive tests must be designed to tests

Q52: Substantive tests must be designed to tests

Q53: The nature of substantive tests refers to

Q54: The focus of tests of <b>details of

Q56: An audit program should be sufficiently detailed

Q57: Assume the preliminary audit strategy was based

Q58: Analytical procedures are a required form of

Q59: The least costly form of testing is

Q60: Which standards of fieldwork primarily affect substantive

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines