A CPA firm is engaged in the examination of the financial statements of Garrison Corporation for the year ended December 31, 2014. Garrison Corporation's financial statements and records have never been audited by a CPA. The stockholders' equity section of Garrison Corporation's balance sheet at December 31, 2014, follows:
Stockholders' Equity:

REQUIRED:
Prepare the detailed audit program for the examination of the three accounts composing the stockholders’ equity section of Garrison Corporation’s balance sheet. (Do not include in the audit program the verification of the results of the current-year operations.)

Question

A CPA firm is engaged in the examination of the financial statements of Garrison Corporation for the year ended December 31, 2014. Garrison Corporation's financial statements and records have never been audited by a CPA. The stockholders' equity section of Garrison Corporation's balance sheet at December 31, 2014, follows:
Stockholders' Equity:
 
REQUIRED:
Prepare the detailed audit program for the examination of the three accounts composing the stockholders’ equity section of Garrison Corporation’s balance sheet. (Do not include in the audit program the verification of the results of the current-year operations.)

Quizplus · Accepted Answer

The Answer of A CPA firm is engaged in the examination of the financial statements of Garrison Corporation for the year ended December 31, 2014. Garrison Corporation's financial statements and records have never been audited by a CPA. The stockholders' equity section of Garrison Corporation's balance sheet at December 31, 2014, follows:
Stockholders' Equity:
 
REQUIRED:
Prepare the detailed audit program for the examination of the three accounts composing the stockholders’ equity section of Garrison Corporation’s balance sheet. (Do not include in the audit program the verification of the results of the current-year operations.)

A CPA Firm Is Engaged in the Examination of the Financial