Which of the Following Procedures Most Likely Would Give the Greatest

question 46

Multiple Choice

Which of the following procedures most likely would give the greatest assurance that securities held as investments are safeguarded?

• A)There is no access to securities between the year-end and the date of the auditor's security count.
• B)Proceeds from the sale of investments are received by an employee who does not have access to securities.
• C)Investment acquisitions are authorized by a member of the Board of Directors before execution.
• D)When securities are held by the entity, they are stored in a safe or safe-deposit box and periodically inspected.

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Definitions:

Objective Food Binge

An excessive eating episode where the amount of food consumed is objectively large, distinct from perceptions of overeating.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, is a handbook used by healthcare professionals for diagnosing mental disorders.

Prognosis

The prediction of the likely course and outcome of a disease or condition, often based on the average progress in similar cases.

Bulimia Nervosa

An eating disorder characterized by episodes of binge eating followed by compensatory behaviors such as purging or excessive exercise.