When Auditing the Valuation Assertion of an Equity Method Investment

question 46

Multiple Choice

When auditing the valuation assertion of an equity method investment, which of the following is the auditor most likely to do?

• A)Inspect stock certificates.
• B)Obtain audited financial statements of the investee company.
• C)Obtain the market price of the stock as of year-end.
• D)Review management's calculations.

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