The audit firm\'s valuation specialist would likely be brought in to assist in the audit of fair value measurements at an entity when the following is present:
The audit firm's valuation specialist would likely be brought in to assist in the audit of fair value measurements at an entity when the following is present:
The entity is a new audit client.
Significant uncertainty exists in key inputs to the entity\'s valuation models.
The entity has a financial instrument with a Level 2 input.
The entity owns a large and diverse portfolio of publicly traded stock.
B. Significant uncertainty exists in key inputs to the entity's valuation models.
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