For each test of transactions and account balances for investments listed below, identify the assertion for 27. which the test provides evidence. (8 POINTS) 1. Determine whether there has been any permanent impairment in the value of the cost basis of an Individual security. II. Obtain a confirmation of the investments from an independent custodian. I. Search for purchases of securities by examining transactions for a few days after year-end. IV. Examine brokers' statements for a sample of securities purchased during the year. 28. Define the Type I and Type Il subsequent events that require consideration by management and evaluation by the auditor and give an example of each type. (8 POINTS) For each test of transactions and account balances for investments listed below, identify the assertion for 27. which the test provides evidence. (8 POINTS) 1. Determine whether there has been any permanent impairment in the value of the cost basis of an Individual security. II. Obtain a confirmation of the investments from an independent custodian. I. Search for purchases of securities by examining transactions for a few days after year-end. IV. Examine brokers' statements for a sample of securities purchased during the year. 28. Define the Type I and Type Il subsequent events that require consideration by management and evaluation by the auditor and give an example of each type. (8 POINTS)