An organization invests excess snort-term cash in trading securities.

IIA IIA-CIA-Part3-3P Question Answer

An organization invests excess snort-term cash in trading securities. When of the following actions should an internal auditor take to test the valuation of those securities?

Use the equity method to recalculate the investment carrying value

Confirm the securities held by the broker

Perform a calculation of premium or discount amortization.

Compare the carrying value with current market quotations

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An organization invests excess snort-term cash in trading securities.

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