To satisfy the valuation assertion when auditing an investment accounted for by the equity method, an auditor most likely would

Question

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The best way to satisfy the valuation assertion when auditing an investment accounted for by the equity method is to examine the audited financial statements of the investee company. This provides evidence of the investee company's financial position and performance, as well as any changes in the value of the investment. Inspecting the stock certificates (A) or reviewing the broker's advice or canceled check for the investment's acquisition (C) only provide evidence of the acquisition of the investment, but not its current value. Obtaining market quotations from financial newspapers or periodicals (D) may be useful, but they may not be directly related to the specific investment being audited.

To Satisfy the Valuation Assertion When Auditing an Investment Accounted