Module 2 discussion
The use of estimates is a normal part of the accrual
accounting process. Discuss two or three estimates used by accountants on a
regular basis (for example, depreciation). With the core values of responsible
stewardship and integrity in mind, discuss how management may misuse these
estimates. Why would they do so? Discuss procedures and activities that can be
put in place to dissuade management from engaging in such untoward behavior.