Question
Which of the following is the best audit procedure to obtain information to support the legal ownership of real property (i.e., land)? Confirmation with the
Which of the following is the best audit procedure to obtain information to support the legal ownership of real property (i.e., land)? Confirmation with the title company that handled the escrow account and disbursement of proceeds at the closing of the property Inspection of board of director meeting minutes with regard to approvals to acquire real property Inquiry of the organizations legal counsel concerning the acquisition of a specific piece of property Inspection of closing documents, deeds, and ownership documents registered and on file at local government offices
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