Chapter 10, Problem 49EP

a.

To determine

Identify the specific assertions for the audit of the held-to-maturity securities assuming that internal controls are acceptable.

b.

To determine

Identify the audit procedures that should be undertaken in order to obtain an audit evidence for the existence and valuation of company B’s securities.

c.

To determine

Identify the procedure that should be performed in order to obtain audit evidence for company B’s investment in the company C.

d.

To determine

The procedures that should be undertaken to gather audit evidences for classification of securities in company B.

e.

To determine

Identify the procedures that an auditor can undertake to obtain evidence about fair market value of company B’s investments.

f.

To determine

State the procedures that should be undertaken by an auditor to collect evidences regarding impairment valuation other than temporary.