Which of the following evidence items would an auditor most likely not consider when evaluating the potential
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Which of the following evidence items would an auditor most likely not consider when evaluating the potential impairment of goodwill?
a. The acquisition made by a competitor of an organization that is not a direct competitor of the client.
b. The current market capitalization of the organization in comparison with its net book value.
c. The cash flows and operating data of the reporting unit since acquisition compared with estimates made at the time of acquisition.
d. The growth or decline in market share of the reporting unit since acquisition.
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Related Book For
Auditing A Risk Based Approach
ISBN: 9780357721872
12th Edition
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
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