The auditors should insist that a representative of the client be present during the inspection and count of securities to
A) Lend authority to the auditors' directives.
B) Detect forged securities.
C) Coordinate the return of all securities to proper locations.
D) Acknowledge the receipt of securities returned.

Question

Quizplus · Accepted Answer

Having a client representative present ensures that they can acknowledge the receipt of securities returned, providing a clear chain of custody and reducing the risk of disputes about the handling of the securities.

The Auditors Should Insist That a Representative of the Client