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Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35303-INTERNATIONAL AUDITING - III e E JGi JAIN 221VMCRO0177 BALWINDER SINGH DANG SEMED TO BE UNIVERSITY Subject : 21VMC35303-INTERNATIONAL AUDITING - III Exam Start Time : 08/12/2024 10:14 AM Duration : 200 Minutes Show Palette 32. Fair value is a broad measure of an asset's intrinsic worthwhile market value. It refers solely to the price of an asset in the marketplace as determined by the laws of demand and COMPLETE supply. Which auditing procedure provides the best indicator of "fair value" ? O A. Evaluating management's significant assumptions and the valuation model used by management and testing the underlying data used by management. O B. Developing independent fair value estimates to compare to the entity's recorded estimates. O C. Reviewing subsequent events and transactions for corroborating information and outcomes. O D. Examining published price quotations in an active market. Type here to search 10:31 08-12-2024 10