When Auditing the Market Value of an Investment, an Auditor

question 95

Multiple Choice

When auditing the market value of an investment, an auditor would be least likely to:

• A)examine quoted market prices.
• B)evaluate management's procedure for determining market prices.
• C)make his or her own determination of market prices.
• D)confirm market prices with a broker.

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Definitions:

Standard Communications Protocol

A set of rules and standards that allow different systems and devices to communicate with each other effectively.

Client/Server Networks

A network architecture where computers (clients) request services or resources from other computers (servers).

Transmission Media

The radio waves or the physical system (cable) that transports data on a network.

Data Flows

The movement and management of data through networks, systems, or processes in computing.