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While verifying intangible assets, an auditor would recomputed amortization charges and determines whether amortization period is reasonable. The auditor tries to establish ….by doing it
Valuation
Existence
Disclosure
Possession
Valuation refers to the process of assessing the value of a financial asset & auditors requires valuation for proper assessment of the assets on the balance sheet.
By: Parvesh Mehta ProfileResourcesReport error
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