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In taking into account the degree to which the selection and application of the method used in making the accounting estimate are affected by complexity, the auditor may consider: The need for specialised skills or knowledge by management which may …
The Degree to Which Complexity Affects the Selection and Application of the Data …
In taking into account the degree to which the selection and application of the data used in making the accounting estimate are affected by complexity, the auditor may consider: The complexity of the process to derive the data, taking into account the …
The Degree to Which Subjectivity Affects the Selection and Application of the Method, Assumptions or Data …
In taking into account the degree to which the selection and application of method, assumptions or data are affected by subjectivity, the auditor may consider: The degree to which the applicable financial reporting framework does not specify the valuation …
The degree of subjectivity associated with an accounting estimate influences the susceptibility of the accounting estimate to misstatement due to management bias or other fraud risk factors insofar as they affect inherent risk. For example, when an …
The auditor’s assessment of inherent risk, which takes into account the degree to which an accounting estimate is subject to, or affected by estimation uncertainty, complexity, subjectivity or other inherent risk factors, assists the auditor in …