Which of the following audit procedures would not likely be performed for audits of share-holders equity? a.

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Which of the following audit procedures would not likely be performed for audits of share-holders’ equity?
a. Read board of directors’ minutes for authorization of equity transactions.
b. Confirm outstanding common and preferred stock with stock registrar.
c. Compare valuation of stock to published market prices.
d. Obtain management representation about number of shares issued and outstanding.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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