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Select from the option list provided the substantive audit procedure that primarily addresses each relevant assertion. Select only one procedure for each assertion. Each procedure
Select from the option list provided the substantive audit procedure that primarily addresses each relevant assertion. Select only one procedure for each assertion. Each procedure may be selected only once or not at all. Relevant assertion for investments Substantive procedure - investments 1. Investments are properly presented and described. [ Select ] 2. Recorded investments represent investments actually owned at the balance sheet date. [ Select ] 3. Available-for-sale securities are properly measured at fair value at the balance sheet date. I fach procedure enay lit telested ocly anda or not at at
Select from the option list provided the substantive audit procedure that primarily addresses each relevant assertion. Select only one procedure for each assertion.
Each procedure may be selected only once or not at all.
Relevant assertion for investments
Substantive procedure - investments
1. Investments are properly presented and described.
[ Select ]
2. Recorded investments represent investments actually owned at the balance sheet date.
[ Select ]
3. Available-for-sale securities are properly measured at fair value at the balance sheet date.
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