Which of the following is likely to be the most effective audit procedure for verifying dividends earned

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Which of the following is likely to be the most effective audit procedure for verifying dividends earned on investments in publicly traded equity securities?

a. Trace deposits of dividend checks to the cash receipts book.

b. Reconcile recorded earnings with the dividend earnings reported in the investment broker statement.

c. Compare the amounts received with prior-year dividends received.

d. Recompute selected extensions and footings of dividend schedules and compare totals to the general ledger.

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Auditing And Assurance Services

ISBN: 9780073527086

7th Edition

Authors: William MessierSteven Glover

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Question Posted: May 07, 2024 07:00 AM

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Which of the following is likely to be the most effective audit procedure for verifying dividends earned

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Auditing And Assurance Services

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