All of the Following Evidence-Gathering Procedures Can Assist the Auditor

question 12

Multiple Choice

All of the following evidence-gathering procedures can assist the auditor in testing the existence assertion for investment securities except:

• A)physical examination.
• B)comparing fair value to the original cost.
• C)confirmation with the issuer of the securities.
• D)confirmation with the custodian.

---

Definitions:

Quantitative Sociology

A research method in sociology that focuses on numerical and statistical techniques to study patterns, behaviors, and trends within social groups.

Qualitative Sociology

The study of social phenomena focused on understanding human behavior from the perspective of those being studied, typically using methods like interviews or observation.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, resulting in increased interconnectedness of the world's economies, cultures, and populations.

Theological Stage

The earliest stage in Comte's law of three stages, characterized by human understanding of the world as explained by supernatural beings and religious leaders.