Auditor needs to assess disclosures about what lines of business the company may discontinue.

Question

Quizplus · Accepted Answer

As part of their audit procedures, auditors are required to evaluate the disclosures made by management about the company's plans to discontinue or exit certain lines of business. This is important information for investors and other stakeholders, and the auditor needs to ensure that the disclosures are accurate and complete.

Auditor Needs to Assess Disclosures About What Lines of Business