When Auditing Financial Instruments, Analytical Procedures Can Be Used to

question 63

Multiple Choice

When auditing financial instruments, analytical procedures can be used to

• A) test the reasonableness of interest and dividend income.
• B) test the year-end balance.
• C) determine if the financial instruments were properly valued.
• D) determine if the gain or loss on the sales were properly computed.

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Definitions:

Gynecologist

A specialist who performs routine physical care and examinations of the female reproductive system.

Orthopedics

The branch of medicine dealing with the correction of deformities of bones or muscles.

Urology

A branch of medicine that focuses on surgical and medical diseases of the male and female urinary-tract system and the male reproductive organs.

Pediatrics

The branch of medicine dealing with the care and treatment of infants, children, and adolescents.