When Inspecting Securities on Hand the Auditor Needs to Record

question 32

Multiple Choice

When inspecting securities on hand the auditor needs to record all these matters except:

• A) the name of the owner.
• B) the certificate number of the document
• C) the description of the security
• D) all of the above need to be recorded

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Definitions:

Acceptance Of Criticism

The ability or willingness to receive and constructively respond to evaluative or corrective feedback.

Diplomatic

Pertaining to the conduct of relations between nations, often involving negotiation and representation.

Past Due Account

A financial account that has not been paid by the deadline.

Comprehension

Knowledge or understanding of an object, a situation, an event, or a verbal statement.