Examlex
A successor auditor may perform which of the following for a new audit client?
Short-Term Investments
Assets that can be easily converted into cash within a short timeframe, typically one year or less, without losing value.
Marketable Debt Securities
Investments in bonds or other debt securities that are available for sale before their maturity date.
Idle Cash
Refers to the money that a company has not invested or used in any way to earn more income.
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