When auditing the market value of an investment,an auditor would be least likely to
A) Examine quoted market prices.
B) Evaluate management's procedure for determining market prices.
C) Make his or her own determination of market prices.
D) Confirm market prices with a broker.

Question

Quizplus · Accepted Answer

An auditor is least likely to make their own determination of market prices because it is not their role to independently establish market values. Instead, they rely on external sources like quoted market prices or confirmations from brokers.

When Auditing the Market Value of an Investment,an Auditor Would