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To Establish Effective Internal Control Over a Corporation's Stock Transactions,the

Question 43

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To establish effective internal control over a corporation's stock transactions,the corporation should utilize the services of a independent registrar and transfer agent.
a.Describe the functions performed by the stock registrar.
b.Describe the functions performed by the transfer agent.
c.Describe the information that is typically requested by the auditors in a confirmation sent to the registrar.

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a.The stock registrar controls the corpo...

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