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State about the two types of Government Securities
There are two types of Government Securities which are offered:
Government Floating Rate Bonds which pay a floating rate depending upon base rate.
Government Securities Regular debentures which pay a fixed rate of return and principal amount is returned on maturity.
The present yield on Government Securities is in the range of 5.50 - 7.00 per cent depending on the maturity.
State the factors of Tests of controls Tests of controls may include · Enquiries and observations corroborating internal control functions. Inspection of docu
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These types of securities have more than one coupon rate and each subsequent coupon rate is higher (or lower) than the previous coupon rate. For
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