Auditing marketable securities List the common substantive procedures used to address the risks relating to fraud in investments:
• Employment of a specialist to assist in fair value measurements.
• Conduct background checks on and credit ratings of employees who have access to investment accounts, or the authorization to purchase or sell securities.
• Require that the client produce original documentation of securities, not copies or faxes.
• Trace dividend payments, interest payments, and sales of securities to cash deposits recorded on the bank statement.
• Trace purchases of securities to cash disbursements on the bank statement.
• Review any unusual journal entries in investment accounts.
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For a high school student, Tim is highly concerned about environmental issues. He is a strong supporter of the garbage recycling and afforestation campaigns taken up by the environmental activists in his neighborhood
He wants to become a full time volunteer for their upcoming wildlife protection program and has even saved money to contribute to the cause. This group of environmental activists can be categorized under which of the following reference groups? A) primary group B) secondary group C) aspirational group D) dissociative group E) cognitive group
______ originally identified five dimensions that allow a country culture to be plotted along a continuum.
A. Project GLOBE B. Hofstede’s Model of National Culture C. National Culture D. Geocentrism
Which of the following prescriptions is part of the presentation strategy?
A) Build a strong prospect base by analyzing qualified customers. B) Prepare a presale presentation plan needed to meet objectives. C) Assume a role of mentor and associate. D) Project a positive sales image. E) Focus on relationships.
Which of the following statements is false regarding the process of preparing a sales forecast?
A) It usually starts with last year's level of sales. B) General economic trends are often considered. C) Since it involves estimates of future events, accuracy is of little importance. D) The larger the size and complexity of an organization, the more complex their sales forecasting system will be.