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.

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Definitions:

Conditioned Taste Aversions

A learned aversion to a particular food or drink because it has been associated with an unpleasant or nauseating experience.

Heredity And Environment

The two principal factors that influence an individual's physical and psychological traits: genetic inheritance and external conditions or surroundings.

Behaviour Modification

A technique or intervention designed to change harmful or undesirable behaviors using principles of learning theory.

Operant Principles

The processes by which behaviors are strengthened or weakened over time through the consequences they produce, including reinforcement and punishment.