General Office Machines has investments in available-for-sale, trading, and held-to maturity securities. It buys and sells investments

Question:

General Office Machines has investments in available-for-sale, trading, and held-to securities. It buys and sells investments in each investment category each year.
a. Describe the risks associated with the audit of investment securities for General Office Machines at year-end.
b. What evidence should the auditors gather to determine that the investment balance is not materially misstated at year-end?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...