When the Client Holds a Large Amount of Negotiable Securities,auditors

question 96

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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