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Assume that you are auditing the financial statements of Wexler Incorporated Wexlers financial statements include...

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Accounting

Assume that you are auditing the financial statements of Wexler Incorporated Wexlers financial statements include a number of significant estimates.

Required:

a. Describe the desired internal controls over the processes for developing accounting estimates.

b. Describe how the auditors would test the controls over the processes of developing accounting estimates.

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