When the Client Holds a Large Amount of Negotiable Securities

question 79

Multiple Choice

When the client holds a large amount of negotiable securities, auditors need to plan to guard against:

• A)unauthorized negotiation of the securities before they are counted.
• B)unrecorded sales of securities after they are counted.
• C)substitution of securities already counted for other securities that should be on hand but are not.
• D)substitution of authentic securities with counterfeit securities.

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Definitions:

Audiologist

A healthcare professional specializing in identifying, diagnosing, treating, and monitoring disorders of the auditory and vestibular system portions of the ear.

Unaffected Ear

Refers to the ear that is not impacted by a medical condition or treatment in contrast to the affected ear which has a health issue.

Contact Lenses

Thin lenses placed directly on the surface of the eyes to correct vision or for cosmetic purposes.

Disposable Lenses

Contact lenses that are designed to be used once and then discarded, promoting hygiene and convenience.