Which of the following would not be used as part of analytical procedures for marketable securities?
A)Develop expectations about the level of amounts in ending balances.
B)Develop expectations about the relationship between the balances.
C)Verify ending balances prior to calculating the percent change.
D)Review changes in the balances,risk composition,and classification types.

Question

Quizplus · Accepted Answer

Verifying ending balances prior to calculating percent change is not a part of analytical procedures for marketable securities. Instead, developing expectations about the level of amounts in ending balances, developing expectations about the relationship between the balances, and reviewing changes in the balances, risk composition, and classification types are all commonly used analytical procedures for marketable securities.

Which of the Following Would Not Be Used as Part