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3.
(b) If securities are held by a trustee or broker, confirm directly with the trustee,
inquiring as to whether any securities are pledged as collateral.
Analyze additions during the year and vouch to supporting documents (Q-3).
4.
Analyze sales during the year and vouch to supporting documents (Q-3).
Valuation or Allocation
5.
Check clerical accuracy of detail schedule.
6.
7.
8.
9.
Determine propriety of any income recorded and tie out to income statement accounts.
(Q-5).
10. Determine market value of securities at year-end and adjust for change in market value
as appropriate.
Presentation and Disclosure
11. Discuss the classification of securities with management and reclassify if necessary.
12.
Consider the disclosure of details associated with marketable securities and investments.
Initials