Question
Company A invested in level 1 trading securities (stocks). Their auditor wants to test valuation of these investments as of the balance sheet date. Which
Company A invested in level 1 trading securities (stocks). Their auditor wants to test valuation of these investments as of the balance sheet date. Which procedure will best accomplish this?
a.
Bank confirmation
b.
Vouching
c.
Comparison to quoted market prices on Yahoo!
d.
Management representations
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Valuation For Accountants A Short Course Based On IFRS
Authors: Stephen Lynn
1st Edition
9811503567, 9789811503566
