Usually dividends are audited

Question

Quizplus · Accepted Answer

Dividends are usually audited on a 100% basis, i.e., all dividend payments are examined to ensure accuracy and completeness. This is because even small errors in dividend calculations or payments can have significant financial implications for investors. Block sampling, variables sampling, and attributes sampling are all statistical sampling techniques used in auditing to test a sample of transactions or data for errors or irregularities, but they are not typically used for auditing dividends.

Usually Dividends Are Audited