The Auditors Should Insist That a Representative of the Client

question 63

Multiple Choice

The auditors should insist that a representative of the client be present during the inspection and count of securities to

• A) Lend authority to the auditors' directives.
• B) Detect forged securities.
• C) Coordinate the return of all securities to proper locations.
• D) Acknowledge the receipt of securities returned.

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Definitions:

Emotional

Relating to feelings or the ability to be aware of and respond to emotions, both in oneself and in others.

Economic

Relating to the system of how wealth is produced, distributed, and consumed within a society.

Psychic

Pertaining to or denoting phenomena that are beyond the scope of normal scientific understanding, specifically relating to the mind or mental processes.

Community

A group of people living in the same place or having a particular characteristic in common.