A client has a large and active investment portfolio that is kept in a bank safe deposit box. If the auditors are unable to count securities at the balance-sheet date, they most likely will
A. Request the bank to confirm to the auditors the contents of the safe deposit box at the balance-sheet date.
B. Examine supporting evidence for transactions occurring during the year.
C. Count the securities at a subsequent date and confirm with the bank whether securities were added or removed since the balance-sheet date.
D. Request the client to have the bank seal the safe deposit box until the auditors can count the securities at a subsequent date.
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