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3. A company has additional funds to invest. The Board of Directors decided to purchasemarketable securities and assigned the future purchase and sale decisions to a responsiblefinancial executive. The best person(s) to make periodic reviews of the investment activityshould bea. An investment committee of the Board of Directors.b. The chief operating officer.c. The corporate controller.d. The treasurer.4. When no independent stock transfer agents are employed and the corporation issues its ownstocks and maintains stock records, canceled stock certificates should5. In reviewing and evaluating internal control over marketable securities, the auditor would bespecially concerned about:- end of AT-5911 -AT-5911