Question

13. What are the major elements internal control over marketable securities?

Answer 1

Answer:

The major elements of adequate internal control over marketable securities include the following: Separation of duties between the executive authorizing purchases and sales of securities, the custodian of the securities, and the person maintaining the record of investments.

Answer 2

Answer:

The Separation of duties between the executive authorizing purchases and sales of securities, the custodian of the securities, and the person maintaining the record of investments. This is the major elements internal control over marketable securities.