When performing procedures to identify and assess the risks of material misstatement for accounting estimates....
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When performing procedures to identify and assess the risks of material misstatement for accounting estimates. a review transactions occurring prion to the date of the auditor's report that indicate variations from expectations. b compare independent expectations with recorded estimates to assess management's process. c obtain an understanding of how management developed its estimates. d analyze historical data used in developing assumptions to determine whether the process is consistent. 
When performing procedures to identify and assess the risks of material misstatement for accounting estimates.
a review transactions occurring prion to the date of the auditor's report that indicate variations from expectations.
b compare independent expectations with recorded estimates to assess management's process.
c obtain an understanding of how management developed its estimates.
d analyze historical data used in developing assumptions to determine whether the process is consistent.
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