Identify tests of controls that could be used to test the controls included in the exhibit.
Examples of Controls over Intangible Long-Lived Assets
Management authorizations are required for intangible asset transactions.
Documentation regarding intangible assets should be maintained, and such documentation should include:
Manner of acquisition (for example, purchased or developed internally)
Basis for the capitalized amount
Expected period of benefit
Amortization periods and calculations should be approved and periodically reviewed by appropriate personnel.