Gains and losses are not considered by auditors in testing marketable securities,as they do not need to be disclosed.

Question

Quizplus · Accepted Answer

Auditors do consider gains and losses when testing marketable securities as they are required to ensure that these securities are fairly stated in the financial statements. Additionally, any gains or losses on marketable securities should be disclosed in the notes to the financial statements.

Gains and Losses Are Not Considered by Auditors in Testing