Bee Corporation?s partial balance sheet includes the following information: REQUIRED a. Design two audit procedures to test
Question:
Bee Corporation?s partial balance sheet includes the following information:
REQUIRED
a. Design two audit procedures to test existence related to the above investments for Bee?s 2018 financial statements.
b. Design two audit procedures to test authorization related to the above investments for Bee?s 2018 financial statements.
c. Assuming the company?s share transactions are handled by a transfer agent, explain two important facts that the auditor would need to confirm or verify with the transfer agent for the 2018 audit.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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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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