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NEW QUESTION: 1
A. Option E
B. Option A
C. Option B
D. Option C
E. Option D
Answer: A,D,E
NEW QUESTION: 2
Customer accounts:
Ensure that the firm is exercising due diligence in the opening and supervision of customer accounts. The procedures should be formalized in writing and in accordance with the rules and regulations of the appropriate regulatory authority.
Ensure that daily customer positions and option exercises are in accordance with the limits established by the appropriate exchange. Verify that commissions generated by customer trades are properly calculated and posted to the general ledger.
A. This is one of the primary audit objectives of stock and options
B. This is one of the primary audit objectives of swaps
C. None of these
D. This is one of the primary audit objectives of bonds
Answer: A
NEW QUESTION: 3
A. Option D
B. Option A
C. Option B
D. Option C
Answer: B
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