In a manufacturing company, which one of the following audit procedures would give the least assurance for the existence of the general ledger balance of investment in stocks and bonds at the audit date?

In a manufacturing company, which one of the following audit procedures would give the least assurance for the existence of the general ledger balance of investment in stocks and bonds at the audit date? 



A. Confirmation from the broker.

B. Inspection and count of stocks and bonds.

C. Vouching all changes during the year to brokers' advices and statements.

D. Examination of canceled checks issued in payment of securities purchased.


Answer: Examination of canceled checks issued in payment of securities purchased


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