Auditing and Assurance Services 1st Edition by Iris Stuart

تمرين 26

An audit program for the retained earnings account should include a step that requires verification of the
a. Fair value used to charge retained earnings to account for a two-for-one-split.
b. Approval of the adjustment to the beginning balance as a result of a writedown of an account receivable.
c. Authorization for both cash and stock dividends.
d. Gain or loss resulting from disposition of treasury shares.