Examlex
Which of the following types of sampling applications can appropriately be used under generally accepted auditing standards?
Executor
The individual appointed to administer the estate of a deceased person in accordance with their will.
Testamentary Trust
A legal mechanism specified in a will that comes into effect upon the death of the individual, and dictates how their assets are allocated.
Securities
Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
Personal Representative
is an individual appointed to manage the estate of a deceased person, including distributing assets to beneficiaries.
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