Trust Examiner School eBook

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81. A list of all accounts that contain closely held securities, securities with limited markets, general and limited partnerships, interests in unincorporated business enterprises, and any other unique, or hard to value asset. Provide a description of the method and frequency of the valuation of these assets.

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82. The process for determining that discretionary account investments meet the appropriate state prudent investment statute (e.g. prudent man rule or prudent investor rule).

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83. A list of all assets held. Include, where applicable, number of shares, book value, and market value.

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84. List all securities’ trading losses resulting from trading errors since last examination. Give detail of amounts and description of each error, cause of the error and what procedures have been developed to ensure no repeat errors of this kind.

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