Wk 5-2 Please explain and advise To establish effective internal control over a corporation's stock transactions, the
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Question:
Wk 5-2 Please explain and advise
To establish effective internal control over a corporation's stock transactions, the corporation should utilize the services of an independent registrar and transfer agent. Address the following:
- Describe the functions performed by the stock registrar.
- Describe the functions performed by the transfer agent.
- Describe the information typically requested by the auditors in a confirmation sent to the registrar.
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