Question
Activities in the investing cycle include which of the following investing functions and related controls? A.Dividend and interest cheques must be promptly deposited intact. B.One
Activities in the investing cycle include which of the following investing functions and related controls?
A.Dividend and interest cheques must be promptly deposited intact.
B.One person should record all investment transactions as well as maintain custody of the securities to ensure everything gets recorded.
C.Custody of securities must be with a custodian.
D.Periodically, relevant documents should be independently compared with recorded balances.
E. Perform analytical procedures by analyzing interest and dividend yields relative to expectations.
F. There should be performance reviews to detect poor investment performance and/or incorrect reporting.
G. Once classified, there is no need to consider the appropriateness of classification of investments any further.
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