In confirming with an outside agent, such as a financial institution, that the agent is holding investment securities in the entity's name, an auditor most likely gathers evidence in support of management's financial statement assertions regarding

Question

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When an auditor confirms with an external agent that investment securities are being held on behalf of the entity, the auditor is gathering evidence in support of multiple management assertions. The existence assertion confirms that the investment securities exist and are owned by the entity. The rights and obligations assertion confirms that the entity has the legal rights to the securities and any related benefits or obligations. The completeness assertion confirms that all investment securities owned by the entity are included in the financial statements. Therefore, the correct answer is D, all of these.

In Confirming with an Outside Agent, Such as a Financial