The inspecting and counting of securities on hand is ordinarily performed simultaneously with the auditor's:
A) observing of the inventory counting.
B) inspecting of major additions to plant assets.
C) confirming of securities held by others.
D) counting of cash.
E) recalculating of investment revenue earned.

Question

Quizplus · Accepted Answer

The inspecting and counting of securities on hand is typically performed at the same time as the counting of cash, as both involve verifying the existence and amount of valuable assets that can be easily quantified.

The Inspecting and Counting of Securities on Hand Is Ordinarily