Question
The auditors are evaluating managements determination of fair value of a closely held investment. The auditors are trying to identify the significant assumptions underlying the
The auditors are evaluating managements determination of fair value of a closely held investment. The auditors are trying to identify the significant assumptions underlying the valuation. Typically, assumptions that are significant include all of the following except:
The auditors are evaluating managements determination of fair value of a closely held investment. The auditors are trying to identify the significant assumptions underlying the valuation. Typically, assumptions that are significant include all of the following except:
Those that are sensitive to variation.
Those that involve unobservable data.
Those that are developed externally as compared to internally.
Those that are susceptible to bias.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
