Shubham MangalShubham asked 2 years ago
1 Answers
Auditaudit Staff answered 1 year ago

Objective — Unbiased
Evaluation — Examination
Significant Judgements — Having big impact on financial statements like useful life / residual value / revaluation of fixed asset or write off of good will or provision for doubtful debt
management may try to adjust them to show higher profits so auditor should examine them in unbiased manner.

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