Initial procedures for substantive tests of investments would not ordinarily include:
A) understanding investment policies regarding the proportion of investments in government securities, corporate bonds, and equity securities.
B) understanding an entity's policy for investing excess cash, its financing activities, and its ability to generate free cash flow.
C) checking the mathematical accuracy of client-prepared schedules of investments.
D) determining that subsidiary investment ledgers agree with related general ledger control account balances.
E) understanding economic drivers that allow an entity to engage in investing activities.

Question

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The Answer of Initial procedures for substantive tests of investments would not ordinarily include:
A) understanding investment policies regarding the proportion of investments in government securities, corporate bonds, and equity securities.
B) understanding an entity's policy for investing excess cash, its financing activities, and its ability to generate free cash flow.
C) checking the mathematical accuracy of client-prepared schedules of investments.
D) determining that subsidiary investment ledgers agree with related general ledger control account balances.
E) understanding economic drivers that allow an entity to engage in investing activities.

Initial Procedures for Substantive Tests of Investments Would Not Ordinarily