In a Manufacturing Company, Which One of the Following Audit

Multiple Choice

In a manufacturing company, which one of the following audit procedures would give the least assurance for the existence of the general ledger balance of investment in stocks and bonds at the audit date?

A) Confirmation from the broker.
B) Inspection and count of stocks and bonds.
C) Reconciling information contained in the broker confirmation with the entity's investment record.
D) Examination of canceled checks issued in payment of securities purchased.