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.

---

Definitions:

Cardiac Cycle

The sequence of contraction and relaxation that makes up a complete heartbeat.

Electrical Impulses

Bioelectrical signals that are crucial for the functioning of nerves and muscles in the body.

Electrocardiography

Electrocardiography is a medical test that measures the electrical activity of the heart to detect heart diseases and monitor heart health.

Patient's Anxiety

A condition where the patient experiences feelings of worry, unease, or fear, often about their health or treatment.