hard20 pts · first answer countsaccounting-estimatesprofessional-skepticism

Signs of bias in estimates

Which of these is an indicator of possible management bias in accounting estimates?

A.Management consistently picks the end of reasonable ranges that improves profit, across several estimatesB.Management uses a documented method approved by the audit committeeC.Estimates are updated each year using new dataD.Management uses an independent valuer for property

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Signs of bias in estimates

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