So, I make my second claim against financial accounting. Estimates involve using management's forecasts to determine the values ​​needed for a financial statement. Therefore, demonstrating the inaccuracy of estimates and assumptions subsequently reduces the liability of accounting information. However, some may argue that the credibility and accountability of a company's financial statements is the responsibility of the audit. Audit is a mechanism where inspections are carried out to enable users to have greater confidence in financial statements.” ( ) “However, the audit provides only 'reasonable' and not absolute assurance on the truth and fairness of the financial statements, which means that some elements of the financial statements may still