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Audit procedures for material investments

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Reference no: EM133247215

Understandably, the increasing complexity of securities investments in recent years has greatly complicated the auditing of investments, particularly investments involving options and other "exotic" transactions-as noted in the case, the buying and selling of put and call options was a central feature of Bernie Madoff's alleged investment strategy.

What are some are examples of suggested audit procedures for material investments that are included in AS 2503?

Reference no: EM133247215

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