Question: To establish the existence and rights of an investment in the common stock of a publicly traded company, an auditor ordinarily performs a security count

To establish the existence and rights of an investment in the common stock of a publicly traded company, an auditor ordinarily performs a security count or

Confirms the number of shares owned with the issuing company.

Assesses the risks of material misstatement at a low level if the auditor has reasonable assurance that controls are being applied as prescribed.

Determines the market price per share at the balance sheet date from published quotations.

Confirms the number of shares owned that are held by an independent custodian.

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