To verify the value of Apple stock held by the client and classified as trading

Question

To verify the value of Apple stock held by the client and classified as trading securities, auditors need to a- Check the original purchasing documents of the stock as well as the payment record from the bank b. Check public website for the stock price at the day when auditors arrive at the client Check public website for the stock price at the day of the audit period end d Check the original purchasing documenits f the stock QUESTION 29 Which of the following statements about auditing cash account is true? a- Auditors usually obtain bank statements that is printed out by their client Ob. Petty cash is usually not examined because the amount is usually low Banks are responsible for the ending balance of deposits if they respond to auditors' bank confirmation d. Auditors may confirm with the bank whether there are changes in the terms of the bank loan

Explanation / Answer

To verify the value of apple stock held by the client and classified as trading securities, auditors need to

a. check the original purchasing documents of the stock as well as the payment record from the bank.

c. Check public website for the stock price at the day of the audit period end.

Which of the following auditing cash account is true?

a. Auditors usually obtain bank statements that is printed out by their client

d.Auditors may confim with the bank whether there are changes in the terms of the bank loan

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.