In Evaluating the Reasonableness of an Accounting Estimate, an Auditor

Multiple Choice

In evaluating the reasonableness of an accounting estimate, an auditor would be least likely to use which of the following approaches?

A) Review subsequent events or transactions occurring prior to audit completion.
B) Develop an independent expectation of the estimate.
C) Review and test the process used to develop the estimate.
D) Review the minutes of board of directors and shareholder meetings for discussion of the estimate.