Compare the price per share on an equity investment at year end according to the schedule of investment activity to the quoted market price according to an outside pricing source.
The following audit procedures are concerned with tests of details of general cash and financial instruments balances: 1. Obtain a standard bank confirmation from each bank with which the client does business. 2. Compare the balance on the bank reconciliation obtained from the client with the bank confirmation. 3. Trace deposits in transit on the […]