Final answer:
When asked to express an opinion on an entity's rent and royalty revenues, an auditor will review supporting documentation, perform analytical procedures, and assess potential risks.
Step-by-step explanation:
When an auditor is asked to express an opinion on an entity's rent and royalty revenues, they may follow the auditing standards and procedures to assess the accuracy and completeness of the financial information.
They will review the supporting documentation, such as lease agreements and royalty contracts, to verify the amounts and ensure they are recorded correctly.
Additionally, they may perform analytical procedures to assess the reasonableness of the revenue figures and consider any potential risks or material misstatements.
record them