IIA
IIA-CFSA · Question #203
IIA-CFSA Question #203: Real Exam Question with Answer & Explanation
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Question
Which of the following activity/ies should be considered by the auditors whenever reviewing situations where broker-dealer finance proprietary or customer activity through collateralized bank loans?
Options
- AEnsuring that customer, noncustomer, and firm bank loans are separately maintained and that
- BMaintaining separate accounts in the general ledger for the securities collateralizing each
- DReconciling the repurchase and reverse repurchase subsidiary ledgers to the stock record and
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