You are now a manager with Deloitte and your client has various types of financial investments. Which of the following financial investments would have the highest inherent risk with respect to valuation?

A$.$ Derivatives

B$.100$ shares of IBM, Inc. stock. IBM is a public company

C$.$ A savings account in a U$.$S$.$ bank

D$.$ A bond investment with a quoted market price

DO NOT ASSUME AWY FACTS THAT ARE NOT LISTED BELOW.

You are a partner with $5117$ Associates and you are on the audit of ECW, Inc. for the year ended December $31,2023.$ ECW, inc. has $$20$ million in sales, of which $$10$ million is sales to related parties. All discolosures are proper and compliete. $5117$ Associates found no misstatements due to error or fraus. Which of the following statements would be most appropriate?

A$.5117$ Associates should corisider increasing its tests of controls

B$.5117$ Associates should consider withdrawing from the engagement

Q$.5117$ Associates should consider adding an emphasis of matter paragraph to $5117\text{'}$s report on ECW, the $\text{'}$s financial statements

$.0117$ Associates should consider resuling a qualified opinion

E$.0117$ Associates should consuder issuing an adverse opinion

$15.$ This question concerns a cabh contumation sent to a bank. Besides the amount of cash that the bark is holding for the client at December $31,2023,$ which of the following information would you most likely learn from the standard confirmation form from the bank?

A$.$ The amount due on any loan balances the client has with the bank

B$.$ The amount collected from customers in December, $2023$

C$.$ The amount paid to vendors during December, $2023$

D$.$ The outstanding checks at December $31,2023$