An auditor usually obtains evidence of shareholders equity transactions by reviewing the entitys: (1) Minutes of board
Question:
An auditor usually obtains evidence of shareholders’ equity transactions by reviewing the entity’s:
(1) Minutes of board of directors’ meetings.
(2) Transfer agent’s records.
(3) Cancelled stock certificates.
(4) Treasury stock certificates book.
The following questions concern the audit of accounts in the capital acquisition and repayment cycle. Choose the best response.
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Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0134613116
14th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
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