Select from the option list provided the answer choice that best describes how to test that assertion relative to the investments held by the client. Each choice may be used once, more than once, or not at all.

Assertion	Test procedure
1. Existence
2. Classification
3. Accuracy
4. Completeness
5. Valuation

Possible Test Procedures:

1.) Verify the calculation of bond premiums and discounts.

2.) Compare the costs of recorded securities transactions with broker invoices.

3.) Examine the financial statements of entities in which the client holds an equity method investment.

4.) Inspect the financial statements to determine whether investments are adequately classified.

5.) Make confirmation requests to the issuers of the securities held by the client.

6.) Compare expected returns with the amounts actually recorded.

7.) Inspect stock certificates held in the treasury.

8.) Review the minutes from the board of director's meeting regarding investments

9.) Recompute the unrealized holding gain or loss for investments held.

10.) Recalculate the dividends received from entities in which the client holds an equity method investment