Which of the following would not be included as part of the documentation related to the substantive procedures for marketable securities?
A)A schedule of marketable securities prepared by the client.
B)Reports of any outside valuation experts.
C)Calculation of any potential impairments.
D)Policies over purchase or sale of marketable securities.

Question

Quizplus · Accepted Answer

Policies over purchase or sale of marketable securities may be relevant to assessing the risk of fraud or errors related to marketable securities, but they are not specific to the substantive procedures performed on marketable securities themselves. The other options are all directly related to the documentation of substantive procedures for marketable securities.

Which of the Following Would Not Be Included as Part