In Performing a Count of Negotiable Securities, an Auditor Records

question 783

Multiple Choice

In performing a count of negotiable securities, an auditor records the details of the count on a security count worksheet. What other information is usually included on this worksheet?

• A) An acknowledgment by a client representative that the securities were returned intact.
• B) An analysis of realized gains and losses from the sale of securities during the year.
• C) An evaluation of the client's internal control concerning physical access to the securities.
• D) A description of the client's procedures that prevent the negotiation of securities by just one person.

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Definitions:

Coughing Vigorously

Forceful exhalation through the airways aimed at clearing them of irritants, mucus, or foreign particles.

Abdominal Thrusts

An emergency procedure to expel foreign objects from the airway of a choking victim, also known as the Heimlich maneuver.

Shoulder Blades

The flat, triangular bones located on the back of the shoulders, known anatomically as scapulae.

Child Wading Pool

A shallow pool designed for young children to play in under supervision, often portable and made of plastic.