Which of the following is least likely to require significant auditor judgment about the dollar amount to be disclosed in the financial statements?

Which of the following is least likely to require significant auditor judgment about the dollar amount to be disclosed in the financial statements?





a. Contingent liability related to pending litigation.
b. Assumptions made in preparation of the estimate of income tax expense for the year.
c. The value of inventory.
d. Cash on hand at the end of the year.







Answer: D


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