Question: Consider the valuation assertion related to the natural resources assets. Do you think it is reasonable for an auditor to rely on a recent sale

Consider the valuation assertion related to the natural resources assets. Do you think it is reasonable for an auditor to rely on a recent sale of a 10 percent interest as evidence to justify a revaluation of FOF’s remaining 90 percent interest in the natural resource assets? Why or why not? Discuss.

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