Which one of the following approaches does not represent how the auditor will become aware of risks associated with long-lived assets?
A)Obtaining knowledge of the client business.
B)Reviewing the business plan related to major acquisitions.
C)Reviewing the minutes of board of directors' meetings.
D)All represent how the auditor will become aware of risks associated with long-lived assets and related expenses.

Question

Quizplus · Accepted Answer

All of the approaches listed (obtaining knowledge of the client business, reviewing the business plan related to major acquisitions, and reviewing the minutes of board of directors' meetings) are ways in which the auditor can become aware of risks associated with long-lived assets.

Which One of the Following Approaches Does Not Represent How