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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 38
When the client holds a large amount of negotiable securities, auditors need to plan to guard against
A) Unauthorized negotiation of the securities before they are counted.
B) Unrecorded sales of securities after they are counted.
C) Substitution of securities already counted for other securities that should be on hand but are not.
D) Substitution of authentic securities with counterfeit securities.
A) Unauthorized negotiation of the securities before they are counted.
B) Unrecorded sales of securities after they are counted.
C) Substitution of securities already counted for other securities that should be on hand but are not.
D) Substitution of authentic securities with counterfeit securities.
Explanation
Verified
Verified
While auditing negotiable securities; au...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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