When an auditor is unable to inspect and count an entity's investment securities until after the balance sheet date, the bank where the securities are held in a safe-deposit box should be notified on or before the balance sheet date that it will be asked to

Question

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By notifying the bank that the securities will be inspected after the balance sheet date, the auditor can ask the bank to confirm that the safe-deposit box has not been accessed during the intervening period. This confirmation can help to provide the auditor with evidence that the securities have not been tampered with or removed from the box, which is an important consideration when evaluating the completeness and valuation assertions related to investment securities. The other choices may also be useful, but they do not directly address the need to obtain evidence about the safekeeping and custody of the securities between the balance sheet date and the date of inspection.

When an Auditor Is Unable to Inspect and Count an Entity's