An auditor is required to tell the reader of an audit report when there has been impairment of goodwill or long-lived assets that has been recorded and disclosed by the client.

Question

Quizplus · Accepted Answer

An auditor's role is to express an opinion on the financial statements as a whole, not to specifically highlight individual impairments that have been recorded and disclosed by the client.

An Auditor Is Required to Tell the Reader of an Audit