The auditor's procedures should include a determination as to whether tangible assets have reasonable useful lives.

Question

Quizplus · Accepted Answer

The auditor's procedures should include an assessment of the reasonableness of the estimates used in determining the useful lives of tangible assets. This is important in ensuring that the assets are properly accounted for and that the financial statements provide accurate information about the company's financial position.

The Auditor's Procedures Should Include a Determination as to Whether