Which of the following are the best accounting symptoms for discovering cash or marketable security misstatements?
A)Obtaining statements directly from financial institutions as of the date you are concerned about.
B)Differences between recorded amounts and amounts confirmed with banks,brokers,and other independent parties.
C)Having physical possession of marketable security certificates.
D)Comparing cash and marketable security balances with those of similar companies.

Question

Quizplus · Accepted Answer

Differences between recorded amounts and amounts confirmed with banks, brokers, and other independent parties can indicate discrepancies or misstatements in cash or marketable securities.

Which of the Following Are the Best Accounting Symptoms for Discovering