Which of the Following Does NOT Assist in the Achievement

question 19

Multiple Choice

Which of the following does NOT assist in the achievement of the audit assertion of existence in relation to an investment in listed shares?

• A) A confirmation of shares held on the client's behalf.
• B) A review of share prices quoted at the financial year-end.
• C) A test of details of transactions of share purchases and sales during the year.
• D) An analytical review of rate of return on investments.

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Definitions:

Medium

A means or mode of communication or expression; can refer to materials used in art, types of publication, or channels of communication.

Overall Length

The total length or size of an object, item, or entity from one end to the other.

Level of Detail

The degree of specificity and granularity in a description, presentation, or instruction, affecting how comprehensively a subject is explained or understood.

Range of Information

The breadth or variety of data, facts, and figures that is available or provided on a particular subject.