Management is responsible for making the accounting estimates in the financial statements. estimates are based on subjective as well as objective factors and, as a result, judgment is required to estimate an amount at the financial statement date. in regards to accounting estimates made by management of a nonissuer, the auditor is responsible for:_____. a. determining the accuracy of the estimate. b. evaluating the reasonableness of the estimate. c. neither i nor ii. d. both i and ii.
