Specialists May Be Required to Perform Audit Tasks That Require

question 5

Essay

Specialists may be required to perform audit tasks that require knowledge or skills outside the auditor's abilities. For each of the following specialists, discuss how his or her services may be useful to an audit of a pharmaceutical company.
a. Chemist
b. Trial Attorney
c. Patent Attorney
d. Research Physician.

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Definitions:

High Frequency Trading

High Frequency Trading (HFT) involves using sophisticated technological tools and computer algorithms to trade securities on a rapid basis, often within milliseconds.

Dark Pools

Electronic trading networks where participants can anonymously buy or sell large blocks of securities.

Market Order

A type of trading order that instructs to buy or sell a security immediately at the current market price.

Discretionary Order

An order given to a broker allowing them discretion on the execution timing and price of a trade, within certain pre-established parameters.