For investments in securities accounted for by the equity method,the auditors are primarily concerned with verifying the market value of the investments.

Question

Quizplus · Accepted Answer

For investments accounted for by the equity method, auditors are primarily concerned with verifying the appropriateness of the equity income recognized and ensuring that the investment balance is accurate and properly presented in the financial statements. The market value of the investment may be relevant in certain circumstances, but it is not the primary concern.

For Investments in Securities Accounted for by the Equity Method,the