Which of the following is an auditor most likely to confirm from the transfer agent and registrar?

Question

Quizplus · Accepted Answer

The transfer agent and registrar are responsible for keeping accurate records of the number of shares issued and outstanding, so an auditor is most likely to confirm this information from them. Restrictions on the payment of dividends are typically documented in the company's bylaws or shareholder agreements, and gains from the sale of treasury stock would be reflected in the company's books and records. The total market value of outstanding shares of stock may be obtained from a variety of sources, including publicly available market information, so it is not necessary for an auditor to confirm this information with the transfer agent and registrar specifically.

Which of the Following Is an Auditor Most Likely to Confirm