Rất thích hợp với những ai đang học và làm về kiểm toán! | When auditing fair value measurements and related disclosures included in the notes to the financial statements, whether required by the applicable accounting system and standards or disclosed voluntarily, the auditor and the audit firm ordinarily perform essentially the same types of audit procedures as those employed in auditing a fair value measurement recognized in the financial statements. The auditor and the audit firm obtain sufficient appropriate audit evidence that the valuation principles are appropriate under the accounting system and standards which the entity applies, are being consistently applied, and the method of estimation and significant assumptions used are properly disclosed in accordance with the applicable accounting system and standards. The auditor and the audit firm also consider whether voluntary information may be inappropriate in the context of the financial statements. For example, management may disclose a current sales value for an asset without mentioning that significant restrictions under contractual arrangements preclude the sale in the immediate future.
