Which of the Following Is Not an Audit Challenge Relevant

question 72

Multiple Choice

Which of the following is not an audit challenge relevant to fair value estimation of Level 1,2,and 3 assets?

• A)Determining identical assets and active markets.
• B)Assessing client methodology and cash flows to originally estimate value.
• C)Determining appropriate model and inputs expected cash flows.
• D)Determining similar assets and relevant markets.

---

Definitions:

Less Aggressive

Characterizing a more cautious or restrained approach or behavior, often in the context of competitive actions or strategies.

More Easygoing

Describes an approach or attitude that is relaxed and not overly concerned about strict rules or the traditional way of doing things.

Dysfunctional Behavior

Refers to any behavior at work that is counterproductive. These behaviors may include theft and sabotage, as well as sexual and racial harassment.

Financial Costs

The total amount of money that is spent by a business or organization on activities including operations, projects, and investments.