Investments probably rank in the top ten of the most difficult and challenging of all audit areas. In a concise, easy-to-read format, this book covers the main areas of a typical investment infrastructure, including portfolio management, trade settlement, maintaining custodian relationships, principal and income collection, investment accounting and reporting, and asset and liability management. Detailed audit checklists, helpful investment web sites, and suggested readings are included. It is a valuable tool designed to help alleviate the anxiety of auditing this complex, high-risk area.