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During an audit, an auditor examines a clients December 31 brokerage account statement, and sees that the total fair value of investments agrees with the

During an audit, an auditor examines a clients December 31 brokerage account statement, and sees that the total fair value of investments agrees with the clients ledger balance at yearend. This is an example of which type of test?

		Risk assessment
		Substantive analytical procedure
		Substantive test of transactions
		Tests of details of balances.

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