The Statement That Is Not True Concerning the Confirmation of Securities

question 30

Multiple Choice

The statement that is not true concerning the confirmation of securities held by outsiders for safe keeping is;

• A) either positive or negative confirmations can be used.
• B) confirmations should be requested as of the date other securities are counted.
• C) the auditor should receive responses directly from the custodian.
• D) the data confirmed are the same as the data that should be noted when the auditor is able to inspect the securities.

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Definitions:

Grief Process

A series of emotional stages that individuals go through following the loss of a loved one or significant life changes.

Psychodynamic Model

A psychological theory or approach that emphasizes unconscious psychological processes (e.g., wishes, fears) and contends that childhood experiences are crucial in shaping adult personality.

Affect Regulation

The process of managing one's emotional state to adaptively respond to situations and maintain emotional equilibrium.

Psychopathology

Refers to the study of mental disorders and abnormalities, focusing on their causes, development, and treatments.