During the audit of Raintree Corporation, the auditors, Neall CPAs are working on the audit of the client's financing activities. The audit manager in charge of this part of the audit has tasked you with auditing the presentation and disclosure assertion. Which of the following procedures would be most appropriate in order to effectively audit this area?

You should consider by examining the corporations charter to determine the number of shares authorized, issued, and outstanding. This can then be vouched back to subsequent dividend payments.

O You should consider reviewing the notes to the financial statements for relevant disclosures in this area, as well as examining the minutes of board of directors meetings to ascertain if any stock is restricted for any reason.

• You should consider meeting with the client's internal audit function. The head of this function should provide written details and assurances pertaining to the accurate presentation and disclosure of all financing related items.
• None of these answer choices are correct.