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    Auditing A Risk Based Approach
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    Exam 16: Advanced Topics Concerning Complex Auditing Judgments
  5. Question
    If the Market Value of the Reporting Unit Is Below
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If the Market Value of the Reporting Unit Is Below

Question 61

Question 61

True/False

If the market value of the reporting unit is below book value and a significant amount of goodwill exists, the presumption is that there has been an impairment of goodwill.

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