When the Auditor Sends a Confirmation to the Broker-Dealer, They

question 116

Multiple Choice

When the auditor sends a confirmation to the broker-dealer, they are testing the balance-related audit objective of

• A) detail tie-in.
• B) existence.
• C) cutoff.
• D) rights.

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Definitions:

Incentives

Factors that motivate individuals or businesses to act in a certain way, often used to encourage productivity and economic efficiency.

Renewable Resources

Those that are renewed in nature, like water flows, or grown, like timber.

Renewed

Pertains to something that has been restored, refreshed, or made new again.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth.