The schedule on the following page was prepared by the controller of World Manufacturing, Inc., for use by the independent auditors during their examination of Worlds year-end financial statements. All procedures performed by the audit assistant were noted in the Legend section; the schedule was properly initialed, dated, and indexed and then submitted to a senior member of the audit staff for review. Internal control was reviewed and is considered to be satisfactory.

Required: What information that is essential to the audit of debt and equity securities is missing from this schedule?

WORLD MANUFACTURING, INC. Marketable Securities Year Ended December 31, 2018 Dividends & Interest Description of Security Serial No. Face Value of Bonds General Ledger 1/1 Purchased in 2018 Sold M 2018 General Ledger 12/31 12/31 Market Poy Date(s) Am. ROC Cosi Accruals 12/31 Yr. Due Corp Bonds % A 6 2023 21-7 10.000 9.400a 9.400 9,100 1/15 7/15 12:1 8/1 300b,d 300b,d 1.200b.d 450b,d 27,500 4,000 26,220 5,080 275 100 188 D G R S sono 2019 2024 2021 2026 27.500a 4,000a 66.000 73-0 16-4 08-2 07.4 30,000 5,000 70,000 100,000 57 000b,c 66,000 10 101,250 7/1 5,000b,d 5,000 100,000c,e 100,000 100.000 140.900 106,900a 57.000 66.000 7.250 5,563 141.650 f af - f f f f.g f f f Chapter 16 Auditing the Financing/Investing Process: Cash and Investments Stocks P 1.000 shs. Common 1.044 7.500a 7,500 7.600 3/1 6/1 9/1 12:1 750b.d 750b.d 750b,d 750b,d 250 8,530 9,700a 9.700 U 50 shs Common 9.800 2/1 8/1 Boob,d 800b,d 667 17,200 17,200 17,400 4.600 917 at 1,9 f f f Legends and comments relative to above schedule a = Beginning balances agreed to prior year working papers. b= Traced to cash receipts. C=Board of directors' minutes examined-purchases and sales approved d = Agreed to 1099, e = Confirmed by tracing ta broker's advice. f = Totals tooted. g=Agreed to general ledger. 553