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Author Question: When auditing financial instruments, analytical procedures can be used to (Read 45 times)

olgamartinez04

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Question 1

When auditing financial instruments, a confirmation is sent to the broker-dealer
◦ only if the client has poor internal controls.
◦ to confirm interest and dividends.
◦ to provide assurance on realizable value.
◦ to confirm year-end holdings.

Question 2

When auditing financial instruments, analytical procedures can be used to
◦ test the reasonableness of interest and dividend income.
◦ test the year-end balance.
◦ determine if the financial instruments were properly valued.
◦ determine if the gain or loss on the sales were properly computed.


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Marked as best answer by olgamartinez04 on Aug 21, 2022

Burly

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olgamartinez04

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Reply 2 on: Aug 21, 2022
Wow, this really help


parshano

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Reply 3 on: Yesterday
:D TYSM

 

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