Explain how the audit of dividends declared and paid is affected if a transfer agent disburses dividends

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Explain how the audit of dividends declared and paid is affected if a transfer agent disburses dividends for a client. What audit procedures are necessary to verify dividends paid when a transfer agent is used?
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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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