Which of the Following Is Correct Concerning the Inspecting and Counting

question 51

Multiple Choice

Which of the following is correct concerning the inspecting and counting of securities on hand?

• A) All securities should be controlled by the auditor until the count is completed.
• B) The custodian need not be present during the count.
• C) A receipt should be provided by the auditor to the custodian when the securities are returned.
• D) The auditor should observe the broker's advice number on the document.
• E) The auditor should observe the name of the broker.

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Definitions:

Organic Products

Goods produced through farming practices that avoid the use of synthetic chemicals, antibiotics, and genetically modified organisms (GMOs).

Economic Responsibilities

The obligations of an organization or individual to contribute positively to the economic system in which they operate.

Corporate Social Responsibility

A business model that integrates self-regulatory mechanisms whereby companies ensure their activities positively impact society.

Social Responsibility

The obligation of individuals and organizations to act in ways that protect and improve the welfare of society as a whole.