Why is the auditor concerned about the impact of possible impairment of value on the fixed assets

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Why is the auditor concerned about the impact of possible impairment of value on the fixed assets of audit clients? Summarize the accounting guidance regarding impairment. What are the related auditing procedures?

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Auditing and Assurance Services Understanding the Integrated Audit

ISBN: 978-0471726340

1st edition

Authors: Karen L. Hooks

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Question Posted: Jan 21, 2015 10:39 AM

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Why is the auditor concerned about the impact of possible impairment of value on the fixed assets

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Long lived assets must be written down if the value is impaired if the ...View the full answer

Auditing and Assurance Services Understanding the Integrated Audit

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