Which of the Following Procedures Most Likely Would Give the Greatest

question 33

Multiple Choice

Which of the following procedures most likely would give the greatest assurance that securities held as investments are safeguarded?

• A) There is no access to securities between the year-end and the date of the auditor's security count.
• B) Proceeds from the sale of investments are received by an employee who does not have access to securities.
• C) Investment acquisitions are authorized by a member of the Board of Directors before execution.
• D) Access to securities requires the presence of two designated officials.

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Definitions:

Therapeutic Level

The concentration range of a drug in the bloodstream that maintains desired effects without causing toxicity.

Peak Action

The time at which a drug reaches its maximum concentration in the blood, resulting in the maximum intended effect.

Onset of Action

The time it takes for a drug to start producing its therapeutic effect after administration.

Deficient Knowledge

A nursing diagnosis indicating that an individual lacks cognitive information related to a specific topic or health-related condition.