Egan,a forensic accountant,was appointed for a business valuation engagement by the management of Dreamsong,Inc.He qualified the purpose of the valuation,type of engagement,and the ownership interest to be considered.What should be Egan's next step?
A) Issue the valuation report.
B) Estimate the value of the business.
C) Gather the necessary information.
D) Analyze the information gathered.

Question

Quizplus · Accepted Answer

Egan's next step should be to gather the necessary information. Before estimating the value of the business or analyzing information, it is crucial to collect all relevant data and documents that will inform the valuation process.

Egan,a Forensic Accountant,was Appointed for a Business Valuation Engagement by the Management