BCS,IncHas Investments Securities in All 3 Investment Categories $\underline{Investment ~Categories}\quad\quad\quad\quad\quad\quad\quad\quad\quad \underline{Audit ~Concern}$

BCS,Inc.has investments securities in all 3 investment categories.They have bought and sold investments every month during the year.Assume that they have a list of 1,000 investments at year-end,evenly divided between the 3 investment categories.a.Describe the 3 investment categories and the audit concern for each category. $\underline{Investment ~Categories}\quad\quad\quad\quad\quad\quad\quad\quad\quad \underline{Audit ~Concern}$ b.How would you select a sample to verify the ending asset balance using the sampling techniques discussed in this class? Specify the source document,the sample selection method,and the evidence gathered for the sample items.The sample should provide all the audit evidence needed to evaluate management's assertions in this area,so you should consider this factor when you are designing your tests. Source document

Sample selection method--Type of sampling used?

Evidence gathered $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~$ Assertion supported c.How will you evaluate your results?
d.How will you verify that the balance in the realized gains and losses account is correct? This account includes all the gains/losses for the sale of investment securities.