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It depends where you buy it and who did the refurb.
If it's in the UK and ASUS did it, then yes. ASUS are one of the accreditations we have for repair of laptops under warranty, we have had a few of their refurbished laptops and they are fine (no dodgy quick jobs etc).
However, a third-party company, that shall remain nameless just in-case we have had more problems with. Now, that may be because they bash more out, I don't know, but we do get more in.
If ASUS do the refurb they are more than likely to offer a warranty as standard too. Well, in the UK.
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