Which of the Following Is/are Included in the Specific Steps

question 311

Multiple Choice

Which of the following is/are included in the specific steps for auditing short-term investments?

• A) Ensure that policies and procedures for short-term trading activities exist, are periodically reviewed for changes, and are properly approved
• B) Review to ensure that trading policies include allowed and restricted trading instruments, approved traders
• C) Review the short-term trading activity to ensure compliance with trading policies and procedures and applicable regulatory environment
• D) All of the above

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Definitions:

Negotiate

To engage in discussions aimed at reaching an agreement, especially in the context of contracts, prices, or terms of an arrangement.

Forged Instrument

A document that has been illegally altered or fabricated to deceive and is used in the commission of fraud, such as a counterfeit check.

Transfer Warranty

A legal guarantee assumed by a person who transfers a negotiable instrument, asserting that certain conditions about the instrument are met.

Authentic

Genuine or verified to be original and not a copy or fake.