Question: Which substantive tests gather evidence related to the existence assertion for investment balances? (Several choices may be correct.) 1. Confirm securities held by others. 2.

Which substantive tests gather evidence related to the existence assertion for investment balances? (Several choices may be correct.)

1. Confirm securities held by others.

2. Trace opening balances to the previous years working papers.

3. Vouch entries in the investment and related income and equity accounts.

4. Determine that balances are properly identified and classified in the financial statements.

5. Perform analytical procedures by analyzing interest and dividend yields relative to expectations.

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