For several years you have made the annual audit for the Winsford Company. This company is not a dealer in securities. A list of presently held securities is kept, but an investment register is not maintained. During the audit, the following worksheet was prepared:

Draw a line down the middle of a lined sheet(s) of paper.

1. On the left of the line, state the specific source(s) of information to be entered in each column and, where required, how the data of previous columns are combined.

2. On the right of the line, state the principal way(s) that such information would be tested.

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Column No. Column heading 1 23 3 456 78 Description of security (name, maturity, rate, etc.) Balance at beginning of year Face value or number of shares Cost or book value Additions during period Date Face value or number of shares Cost Deductions during period Date Face value or number of shares