Question
Which of the following are true with respect to auditors using a valuator? (Several choices may be correct.) D. The auditor must obtain a copy
Which of the following are true with respect to auditors using a valuator? (Several choices may be correct.)
D. The auditor must obtain a copy of the valuators report, determine the basis of the valuation, and consider its appropriateness.
F. The date and amounts of the valuation must be disclosed.
B. Interim valuations may be made by an internal valuator.
G. A revaluation can be applied to individual assets within a class.
C. The auditor would need to be satisfied with the skill, competence, and objectivity of the valuator.
E. The name and qualifications of the valuator must be disclosed.
A. Full valuations can be made or reviewed by an internal valuator.
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