In Addition to Including on Each Working Paper the Name

question 34

Multiple Choice

In addition to including on each working paper the name of the client,the period covered,the date of preparation,and an index code,each working paper should clearly include

• A)the name of the preparer and a description of the contents.
• B)symbols used and a reconciliation to the general ledger balance.
• C)audit working paper steps that were completed.
• D)the nature of the transaction-based risk that is being audited.

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Definitions:

Beta Coefficient

An indicator of how much a stock's price fluctuates in comparison to the general market, representing its risk relative to the market norm.

Treynor-Black Model

A portfolio optimization model that blends passive and active management strategies to try to achieve excess returns with an acceptable level of risk.

Alpha Coefficient

A measure of the performance on a risk-adjusted basis of an investment portfolio, indicating excess return over the benchmark.

Beta Coefficient

A measure of the volatility, or systematic risk, of a security or a portfolio compared to the market as a whole.