Auditing Practice Questions:

19. T/F. Substantive Audit Plan for Shareholders' Equity will include the following except: a. Obtain the structure of the Owners' Equity Section of the balance sheet; b. Obtain an analysis of stockholders transactions so as to trace them from general ledger to the various accounts; c. Obtain Board of Director's Meeting Minutes for Directors' transactions; d. Confirm outstanding common shares and preferred shares with the stock register e. Vouch treasury stocks transactions to the cash receipts and cash disbursements. 20. T/F. In completing an audit, the auditor must identify the four primary audit periods, the associated tasks and activities that occur in each period