An audit team testing long- term investments would ordinarily use analytical procedures to ascertain the reasonableness of
Question:
a. Existence of unrealized gains or losses.
b. Completeness of recorded investment income.
c. Classification as available- for- sale or trading securities.
d. Valuation of trading securities.
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a Incorrect This is not a suitable objective for analytical procedures because gains and loss...View the full answer
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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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