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In Confirming with an Outside Agent, Such as a Financial

question 81

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In confirming with an outside agent, such as a financial institution, that the agent is holding investment securities in the client's name, an auditor most likely gathers evidence in support of ASB balance assertion of existence and:


Definitions:

Bandwidth

The transmission capacity of a network, stated in bits per second.

Bytes

A unit of digital information in computing and telecommunications that most commonly consists of eight bits, representing a binary number.

LAN

Local Area Network refers to a computer network that interconnects computers within a limited area such as a residence, school, or office building.

WAN

Wide Area Network, a telecommunications network that extends over a large geographical distance, used to connect different local area networks (LANs) to allow for communication between them.

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