Auditing Business Combinations

The principal objectives in auditing business combinations are to determine whether: The transaction is properly approved (Rights and obligations assertion) The transaction is a business combination (Existence, Completeness, Valuation/Measurement and Presentation and disclosure assertions) The acquirer is properly identified (Existence/Occurrence, Completeness, Valuation/Measurement, Rights and obligations and Presentation and disclosure assertions) The acquisition date is correct …

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