Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 14, Problem 14.18MCQ
To determine

Concept Introduction:

Intangible assets is an assets that lacks physical substance; in contrast to physical assets, such as machinery and buildings. Intangible assets are usually very hard to evaluate. For example patents, copyright, goodwill, trademarks and trade names etc.

To choose:Situation which would not support the auditor decision to control risk for audit of intangible assets.

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