Question

You are the auditor in charge of the audit of Steffens Corporation. In the audit of investments, you have just been given the following list of securities held by Steffens Corporation at December 31, 20X3.

.:.
a. Identify the potential audit problems that may be indicated by the schedule.
b. To value the shares of Beta Corporation, management has employed a securities valuation firm. Explain the audit considerations involved in auditing the value developed by the valuation firm.



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  • CreatedOctober 25, 2014
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