In auditing intangible assets, an auditor most likely would review or recompute amortization and determine whether the amortization period is reasonable in support of management's financial statement assertion of

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In auditing intangible assets, an auditor most likely would review or recompute amortization and determine whether the amortization period is reasonable in support of management's financial statement assertion of valuation and allocation. The valuation and allocation assertion refers to whether the recorded value of the intangible assets is accurate and allocated to the appropriate accounting periods. The auditor needs to ensure that the amortization period used by management is appropriate based on the nature of the asset and its estimated useful life.

In Auditing Intangible Assets, an Auditor Most Likely Would Review