Use of the revaluation model to present PPE at fair value increased the inherent risk of material misstatement.

Question

Quizplus · Accepted Answer

The use of the revaluation model to present PPE at fair value increased the inherent risk of material misstatement as it requires the use of complex valuation techniques and assumptions, and therefore there is a higher likelihood of errors or bias in the fair value measurement.

Use of the Revaluation Model to Present PPE at Fair