An auditor obtains evidence of stockholders' equity transactions for a publicly traded company by reviewing the entity's:

Question

Quizplus · Accepted Answer

The minutes of board of directors meetings typically contain important information about stock issuances, dividends, and other equity transactions. This is a reliable source of evidence regarding stockholders' equity transactions. The other options (B) Registrar's record of interbank transfers, (C) Canceled stock certificates, and (D) Treasury stock certificate book, may be useful sources of information but are not the best choice for obtaining evidence of all stockholders' equity transactions.

An Auditor Obtains Evidence of Stockholders' Equity Transactions for a Publicly