Investment transactions rarely present cut-off problems so the auditor may perform many substantive procedurbefore or after the end of the reporting period. Income statement account balancrelating to investments are usually verified at the same time.

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Investment transactions are usually recorded on a timely basis, so there are rarely any cut-off problems. This allows the auditor to perform substantive procedures before or after the end of the reporting period. Income statement account balances relating to investments are usually verified at the same time as the investment transactions.

Investment Transactions Rarely Present Cut-Off Problems So the Auditor May