In verifying the amount of goodwill recorded by an entity, the most convincing evidence that an auditor can obtain is by comparing the recorded value of assets acquired with the:

Question

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The appraised value obtained by an independent appraiser would provide the most reliable and convincing evidence for verifying the amount of goodwill recorded by the entity, as it would be based on a professional evaluation of the fair market value of the assets acquired, taking into account factors such as market trends, economic conditions, and comparable sales transactions. The other options, such as the assessed value for tax purposes, the seller's book value, or the insured value, may not necessarily reflect the true fair market value of the assets, and may be subject to various limitations and biases.  Therefore, the appraised value provides the most reliable evidence.

In Verifying the Amount of Goodwill Recorded by an Entity