When the client company does not maintain its own share register, the auditor should obtain written confirmation
Question:
When the client company does not maintain its own share register, the auditor should obtain written confirmation from the transfer agent and registrar concerning:
a. the number of shares subject to agreements to repurchase.
b. guarantees of preferred share redemption values.
c. the number of shares issued and outstanding.
d. restrictions on the payment of dividends.
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Step by Step Answer:
The correct option is c the number of shares issued and outstanding E...View the full answer
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Related Book For 
Auditing A Practical Approach
ISBN: 9781119709497
4th Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
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