The auditors should insist that a representative of the client be present during the inspection and count
Question:
a. Lend authority to the auditors’ directives.
b. Detect forged securities.
c. Coordinate the return of all securities to proper locations.
d. Acknowledge the receipt of securities returned.
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Answer rating: 73% (15 reviews)
a Incorrect This is somewhat true because the bank wont let the auditor in w...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
Question Posted:
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