An auditor will read the footnotes related to discontinued operations to ensure that,among other things,the justification of the decision and the write-down of assets are adequately disclosed.

Question

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An auditor is responsible for reviewing the footnotes related to discontinued operations to ensure that there is adequate disclosure of the justification of the decision and the write-down of assets. This helps to ensure that the financial statements are free from material misstatements and provide relevant information to stakeholders. Therefore, the statement is true.

An Auditor Will Read the Footnotes Related to Discontinued Operations