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If the expected deviation rate exceeds the tolerable deviation rate, the auditor is most likely to:
Intangible Asset
A non-physical asset possessing value, such as patents, trademarks, copyrights, and goodwill.
Fair Value
The estimated price at which an asset or liability could be traded in a fair transaction between willing parties, other than in a forced or liquidation sale.
Net Realizable Value
The estimated selling price in the ordinary course of business, minus any costs of completion, disposal, and transport.
Going Concern
An accounting principle where it's assumed that a company will continue in business for the foreseeable future without the need to cease operations or liquidate assets.
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