If a client is not deemed to have significant influence in an investee company, to obtain audit

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If a client is not deemed to have “significant influence” in an investee company, to obtain audit evidence to verify the investment balance, the auditor should:

(a) review the audited accounts of the investee company.

(b) get an independent valuation of the assets and liabilities of the investee company.

(d) obtain the market value of the investee company’s shares.

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Auditing A Practical Approach

ISBN: 9781118878415

1st Extended Canadian Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

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Question Posted: Feb 16, 2024 03:00 PM

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If a client is not deemed to have significant influence in an investee company, to obtain audit

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Auditing A Practical Approach

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