Which of the following audit procedures would not likely be performed for audits of investments? a. Read
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a. Read board of directors’ minutes for authorization of investment strategies.
b. Confirm investments with registrar.
c. Confirm investments with broker or trustee.
d. Compare valuation to published market prices.
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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