The auditor will obtain a copy of the client's articles of incorporation (if applicable)and retain a copy in the permanent file.Important information in the articles of incorporation includes
A)the interest rates currently being paid for bonds that have been issued.
B)voting rights of each class of shares issued by the company.
C)which shares have been redeemed by the company in the current year.
D)the interest rates that are being received on long-term notes invested.

Question

Quizplus · Accepted Answer

The articles of incorporation contain information about the voting rights of each class of shares issued by the company, which is important for assessing the control and ownership structure of the company. The other options listed are unrelated to the articles of incorporation.

The Auditor Will Obtain a Copy of the Client's Articles