20. Which of the following control objectives for Investment under the Acquire-to-Retire process is most likely the top priority where audit procedures are most extensive for a business struggling to earn income during a pandemic? Group of answer choices To ensure that all relevant regulations, exchange controls and accountancy standards are complied with. To ensure that the timescale and liquidity implications of investments are adequately considered and catered for. To ensure that investment documentation is adequately and securely stored. To ensure that invested funds and the income generated are correctly accounted for. To ensure that all investment decisions are adequately researched and authorized in accordance with the established objectives. To ensure that investment commitments do not interfere with the required cash flow and that sufficient working funds are maintained.

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A:

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Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.