1. the focus of controls in the finance and investment cycle is on
a. proper authorizations and competent personnel
b. computer controls over transactions
c. physical security of assets
d. prenumbered documents

2. the typical assertion relating to Investments and related accounts in a Manufacturing Company would not include the oscitation.
a. all Investments are valued at cost
b. investment Securities are on hand or held in safekeeping by a trustee
c. investment income has been properly recorded
d. Investments are adequately classified and described in the balance sheet including disclosures