As a starting point for testing capital stock and equity transactions,which of the following should the auditor perform?
A)Trace the proceeds of stock sold to the cash receipts journal.
B)Review the minutes of the board of directors' meetings.
C)Examine documentation maintained by the transfer agent.
D)Review a copy of the client's articles of incorporation.

Question

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The Answer of As a starting point for testing capital stock and equity transactions,which of the following should the auditor perform?
A)Trace the proceeds of stock sold to the cash receipts journal.
B)Review the minutes of the board of directors' meetings.
C)Examine documentation maintained by the transfer agent.
D)Review a copy of the client's articles of incorporation.

As a Starting Point for Testing Capital Stock and Equity