Multiple Choice
Which of the following is not one of the auditor's primary objectives when externally confirming holdings of marketable securities?
A) To determine whether recorded securities are properly classified on the statement of financial position.
B) To determine whether recorded securities are the property of the client.
C) To determine whether recorded securities actually exist.
D) To determine whether recorded securities are authentic.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: From the auditor's point of view, inventory
Q4: In a manufacturing company, which one of
Q7: To test for unsupported entries in the
Q7: Which of the following is an exception
Q12: All of the following evidence-gathering procedures can
Q34: An auditor, having accounted for a sequence
Q39: The auditor is least likely to use
Q68: Auditors often make use of computer programs
Q69: The auditor is least likely to use
Q80: The auditor may conclude that depreciation charges