Multiple Choice
Which of the following does NOT assist in the achievement of the audit assertion of existence in relation to an investment in listed shares?
A) A confirmation of shares held on the client's behalf.
B) A review of share prices quoted at the financial year-end.
C) A test of details of transactions of share purchases and sales during the year.
D) An analytical review of rate of return on investments.
Correct Answer:
Verified
Correct Answer:
Verified
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