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CHAPTER 8 -AUDIT OF SHAREHOLDER'S EQUr AUDIT PROGRAM FOR SHAREHOLDER'S EQUITY Audit objectives: To determine: 1. Proper authorization of transactions involving shareholder's equity accounts. 2.

CHAPTER 8 -AUDIT OF SHAREHOLDER'S EQUr AUDIT PROGRAM FOR SHAREHOLDER'S EQUITY Audit objectives: To determine: 1. Proper authorization of transactions involving shareholder's equity accounts. 2. Proper accounting treatment of transactions involving shareholder's equity. 3- Compliance with legal requirements related to corporate capitalization. 4- Propriety of financial statement presentation and adequacy of disclosures

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