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OTC_Buyer

08/18/20 12:13 PM

#108963 RE: Pdrizzle #108962

To assess if the information is correct, auditors should obtain purchased agreement between both companies. The auditor should also review if the date of the purchasing date is agreed with the recognition date of goodwill in the financial statements. ... The auditor should also see is there any contingent consideration.



https://www.wikiaccounting.com/audit-procedures-goodwill/


They will think nothing of it because company has the agreement paperwork to back it up.