Can you explain how should the auditor assess accounting estimates?

 

All information given by the manager of an audit in accordance with the position of the trade shows

 

To have access to the important information & disclose the true & neutral data independently.

The auditor is responsible for evaluating reasonableness of accounting estimates made by management in the context of the financial statements taken as a whole. *Accounting estimates are often included in historical financial statements *Accounting estimates in historical financial statements measure the effects of past business transactions or events,or the present status of an asset or liability. *The auditor,s objectives when evaluating accounting estimates is to obtain sufficient appropriate audit evidence to provide reasonable assurance that : *All accounting estimates that could be material to the financial statements have been developed. *And they are reasonable in circumstances. *The accounting estimates are prsent ed in conformity with applicable accounting principles and are properly disclosed