Which of the Following Is Not One of the Auditor's

question 5

Multiple Choice

Which of the following is not one of the auditor's primary objectives when externally confirming holdings of marketable securities?

• A) To determine whether recorded securities are properly classified on the statement of financial position.
• B) To determine whether recorded securities are the property of the client.
• C) To determine whether recorded securities actually exist.
• D) To determine whether recorded securities are authentic.

---

Definitions:

Controller

A senior financial officer in an organization responsible for overseeing accounting and financial reporting.

Contingency Plan

A strategy or plan developed to take into account unforeseen events or emergencies to mitigate their potential impact on operations.

Bankruptcy

Legal nonpayment of financial obligations.

Operations Period

The timeframe during which specific operational activities or processes are carried out.