What are main transaction-related assertions for investment


Response to the following questions:

1. List three fraud-related audit procedures for cash.

2. What is one approach used by auditors to test for kiting?

3. What are the main transaction-related assertions for investments? Identify the key segregation of investment-related duties and possible errors or fraud that can occur if this segregation is not present.

If possible, please give examples to better understand your answers.

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