In Case 10.4 (No Treasure in This Treasure Planet), Disney overvalued net assets by capitalizing unrecoverable production costs. The lesson for the auditors in this case was to
A. Always recalculate the client’s figures regardless of how simple they appear.
B. Maintain professional skepticism when evaluating clients’ estimates.
C. Always look into the background of the client before accepting an engagement.
D. None of the above.
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