The client should have methods in place to identify the impairment of significant assets.

Name: The client should have methods in place to identify the impairment of significant assets.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

It is the responsibility of the client to have methods in place to identify the impairment of significant assets. Auditors may assist in evaluating and testing these methods, but ultimately it is the client's responsibility to have accurate and reliable financial reporting.

The Client Should Have Methods in Place to Identify the Impairment