During the current year, the management of Hanover, Inc., entered into a futures contract to hedge the
Question:
a. Describe the types of controls that should be established by a company that engages in derivative trading.
b. List the substantive procedures that the auditors would use to audit this derivative.
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Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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