Statements of Position

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Description

Accounting estimates are based on subjective factors. Consequently, controls over estimates are often more difficult to establish than controls over factual information, and the potential for bias in estimates may be greater. Although professional standards provide guidance about auditing some specific accounting estimates, no general guidance concerning the audit of accounting estimates has been established. This proposed Statement is intended to provide that guidance.

ISBN

ed87-02-14-10

Publication Date

1987

Relational Format

Book

Keywords

Financial statements -- United States; Accounting -- Estimates

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants; Exposure draft (American Institute of Certified Public Accountants), 1987, Feb. 14

Proposed statement on auditing standards : auditing accounting estimates ;Auditing accounting estimates

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