Which of the following audit procedures would not likely be performed for audits of share-holders equity? a.
Question:
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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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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