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For Investments Disclosed at Fair Value at Year End,the Auditor

Question 61

Multiple Choice

For investments disclosed at fair value at year end,the auditor should


A) determine whether the applicable financial reporting framework specifies the method to be used to properly record the investments
B) determine whether the applicable financial reporting framework specifies the method to be used to determine fair value of the investments
C) evaluate whether management's determination of fair value is consistent with the applicable financial reporting framework
D) evaluate whether management's recording of the investment is consistent with the applicable financial reporting framework
E) evaluate whether management's determination of fair value is relevant to the applicable financial reporting framework
F) both B and C
G) both C and D
H) both D and E

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