When the client has control over an investee company, the most appropriate audit procedure to obtain evidence
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When the client has control over an investee company, the most appropriate audit procedure to obtain evidence to verify the investee company’s accounts is to:
(a) re-perform the audit of the investee company.
(b) get an independent valuation of the assets and liabilities of the investee company.
(c) if satisfied as to the reliability of the investee company’s auditor, rely on his or her work.
(d) obtain the market value of the investee company’s shares.
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Related Book For
Auditing A Practical Approach
ISBN: 9781118878415
1st Extended Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
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