What control objective is served by management's establishing policies for selecting and approving investment transactions? a. Sources

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What control objective is served by management's establishing policies for selecting and approving investment transactions?

a. Sources of capital funds should be authorized in accordance with management's criteria.

b. Investment transactions should be made in accordance with management's criteria.

c. Investment transactions should be recorded at the correct amounts and in the proper accounting period.

d. Access to securities should be restricted to authorized personnel.

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Auditing And Assurance Services

ISBN: 9780538869522

5th Edition

Authors: David Ricchiute

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Question Posted: May 04, 2024 02:02 AM

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What control objective is served by management's establishing policies for selecting and approving investment transactions? a. Sources

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Auditing And Assurance Services

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