ABA-Certified Trust and Financial Advisor Set 12

General Market indices in the commodities market with which many people would be familiar include:

____________ swaps give companies extra flexibility to exploit their comparative advantage in their respective borrowing markets.

Standard and poor's 500 index, the Dow Jones Industrial average, or the Toronto stock Exchange index is the examples of:

The main objective/s of an audit of swaps is/are:

Adequate procedures and controls associated with swap transactions should exist to help minimize the risks inherent in transaction process. Example/s of these controls may include:

Occasionally, a company will issue additional shares of its stocks, called ____________, to raise additional capital.

Customer accounts:
Ensure that the firm is exercising due diligence in the opening and supervision of customer accounts. The procedures should be formalized in writing and in accordance with the rules and regulations of the appropriate regulatory authority. Ensure that daily customer positions and option exercises are in accordance with the limits established by the appropriate exchange. Verify that commissions generated by customer trades are properly calculated and posted to the general ledger.

Call provisions are often part of ______________, but usually not bonds issued by ______________.

Audit objectives that apply to one sales portion are all EXCEPT:

Which of the following is not an audit objective of a commodity department?