The Most Likely Technique for the Current Year Audit of Goodwill

question 18

Multiple Choice

The most likely technique for the current year audit of goodwill which was acquired three years ago by a continuing audit client:

• A)Confirmation.
• B)Observation.
• C)Recomputation.
• D)Inquiry.

---

Definitions:

Overdiagnosed

Refers to the occurrence when a condition or disease is diagnosed more frequently than it actually exists, possibly leading to unnecessary treatment.

Unipolar Disorder

A mental disorder characterized by persistent depressive episodes, without the manic or hypomanic episodes characteristic of bipolar disorder.

Bipolar Disorder

A mental disorder marked by extreme mood swings from mania to depression.

Mania

A mental state characterized by excessive excitement, energy, and euphoria, often seen in bipolar disorder.