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AUD > Investments in Securities and Derivative Instruments > Flashcards

Investments in Securities and Derivative Instruments Flashcards

1
Q

What is the auditors objective?

A
  • Sufficient appropriate audit evidence regarding

VALUATION of investments in securities and derivative instruments

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2
Q

What are the best evidence of fair value?

A

Quoted market prices (Level 1)

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3
Q

If quoted prices are not available, it may be appropriate to obtain estimates form multiple sources?

A

TRUE

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AUD (139 decks)

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