ACC 562 Week 3 Assignment 1, Madoff Securities

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ACC 562 Week 3 Assignment 1, Madoff Securities

ACC 562 Week 3 Assignment 1: The fundamental audit procedures that would be applied to a $10 million-dollar investment in Madoff Securities would be designed to determine the quality of information provided by the client. Considering a substantial investment is being reviewed the audit assertions that would need to be proved pertain to testing the validity of investment information provided and establishing the accuracyand reliability of external audits of Madoff Securities. The scheme would have been brought to light through a series of occurrence, existence and valuation testing of the investment information…………..