When There Is a Large Number of Negotiable Securities in Multiple

question 11

Multiple Choice

When there is a large number of negotiable securities in multiple locations, careful planning of the physical inspection and count of the securities by the auditor is necessary to guard against:

• A)unauthorized negotiation of the securities before they are counted.
• B)unrecorded sales of securities after they are counted.
• C)substitution of securities already counted at one location for other securities that should be on hand at a different location but are not.
• D)substitution of authentic securities with counterfeit securities.

---

Definitions:

Cruel And Unusual

A term referring to punishment or treatment that is considered unacceptable due to being inhumane or excessively harsh.

Eighth Amendment

A provision of the United States Constitution prohibiting the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishment.

Speedy And Public

Pertaining to the constitutional guarantee that legal proceedings must be conducted without undue delay and be open to observation by the public.

Sixth Amendment

A provision in the United States Constitution guaranteeing important rights in criminal prosecutions, such as the right to a speedy and public trial, the right to counsel, the right to confront witnesses, and the right to an impartial jury.