Select the necessary words from the list of possibilities to complete the following statements. Statements 1. The count of securities on hand by the auditors should be made concurrently with the count of other 2. Checks in payment of a company's payables should be prepared by one person and. 3. The standard form to confirm cash accounts also requests the financial institution to confirm any. Verification of dividend revenue can be achieved by independent computation using advisory services. 4. 5. Collection of accounts receivable through the mail should be initially listed by personnel in the by another. to the bank. published by investment

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash And Marketable Securities
Section: Chapter Questions
Problem 33MCQ
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Select the necessary words from the list of possibilities to complete the following statements.
Statements
1. The count of securities on hand by the auditors should be made concurrently with the count of other
2. Checks in payment of a company's payables should be prepared by one person and
3. The standard form to confirm cash accounts also requests the financial institution to confirm any
Verification of dividend revenue can be achieved by independent computation using
advisory services.
4.
5. Collection of accounts receivable through the mail should be initially listed by personnel in the
by another.
to the bank.
published by investment
Transcribed Image Text:Select the necessary words from the list of possibilities to complete the following statements. Statements 1. The count of securities on hand by the auditors should be made concurrently with the count of other 2. Checks in payment of a company's payables should be prepared by one person and 3. The standard form to confirm cash accounts also requests the financial institution to confirm any Verification of dividend revenue can be achieved by independent computation using advisory services. 4. 5. Collection of accounts receivable through the mail should be initially listed by personnel in the by another. to the bank. published by investment
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