Based on an Analytical Review,the Auditor Determines That Trading Securities

question 6

Multiple Choice

Based on an analytical review,the auditor determines that trading securities are reporting a gain and available-for-sale securities are reporting a loss.The auditor's concern would be

• A)whether the securities in the trading account and the available-for-sale account are accurately recorded
• B)whether the securities in the trading account and the available-for-sale account are being manipulated by management
• C)whether the securities in the trading account and the available-for-sale account are properly classified
• D)whether the securities in the trading account and the available-for-sale account are properly adjusted

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Definitions:

Head Control

The ability to hold and move the head in a stable and controlled manner, a developmental milestone in infants.

Infant

A very young child or baby, typically from birth to one year of age.

Prone Position

A body position where an individual lies flat with the chest down and the back up.

Babinski Sign

A reflex action in which the big toe remains extended or extends itself when the sole of the foot is stimulated, indicative of neurological disorder.