Which of the Following Is Not One of the Auditor's

question 8

Multiple Choice

Which of the following is not one of the auditor's primary objectives in an examination of marketable securities?

• A)To determine whether securities are authentic.
• B)To determine whether securities are the property of the entity.
• C)To determine whether securities actually exist.
• D)To determine whether securities are properly classified on the balance sheet.

---

Definitions:

Profits

The financial surplus remaining after all expenses have been deducted from total revenue, indicative of the financial health and success of a business.

McWorld

McWorld is a term coined by Benjamin Barber to describe the global homogenization of culture, values, and economic interests propelled by capitalism and technological advancements.

Jihad

In Islam, a term that broadly refers to the spiritual struggle against sin. It can also denote a physical struggle or fight against the enemies of Islam, though interpretations vary widely.

Benjamin Barber

A political theorist known for his work on democracy and capitalism, including the influential book "Jihad vs. McWorld" that examines the conflict between tribalism and globalism.