In performing risk assessment procedures for investments, an auditor may inquire ofthe client personnel which of the following questions?O Is investment income independently recalculated?O Are investment records periodically reconciled to actual listing of invèstments (i.e., per countor investment custodian statement)?O All of the choicesO Is there independent review of investments measured at fair value based on marketvaluation?

Risk assessment procedures for investments which are carried out by the auditor are followed and…

Answered: In performing risk assessment…

In performing risk assessment procedures for investments, an auditor may inquire of the client personnel which of the following questions?

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter6: Audit Evidence

Section: Chapter Questions

Problem 8CYBK

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