You are engaged to examine the financial statements of Lauzon Inc. for the year ended December 31.On October 1, Lauzon Inc. borrowed $250,000 from a local bank to finance a plant expansion. The loan agreement provided for the annual payment of principal and interest over three years. Lauzons existing plant was pledged as security for the loan. Unfortunately, Lauzon ran into some difficulties in acquiring the new plant site. Thus, the plant expansion was delayed. Lauzon then proceeded to plan B, which was to invest the borrowed funds in stocks and bonds. As a result, on October 20, the entire amount borrowed was invested in securities. What relevant evidence needs to be obtained to support the audit of investments in securities? (more than one correct answers)

Evidence that securities are legitimate and held by Lauzon to ascertain existence.

Evidence the $250,000 is the amount actually owed on the loan to ascertain the disclosure assertion has been met.

Evidence the securities are owned by Lauzon to ascertain the ownership rights.

Evidence of the cost and market value of the securities held at December 31st to determine the completeness of the balance.

Evidence the loan transaction and securities purchase transactions actually took place during the year to ensure occurrence.

Determine if any write-downs to market are required to determine if the balance is accurate and valued properly.