If a company employs a capital stock registrar and/or transfer agent, the registrar or agent, or both, should be requested to confirm directly to the auditor the number of shares of each class of stock

Question

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The registrar or transfer agent is responsible for maintaining a record of the number of shares issued and outstanding at the balance sheet date. This information is used by the auditor to verify the accuracy of the stockholders' equity section of the balance sheet. The other options may be useful information for the auditor to know, but they do not directly relate to the confirmation of the stockholders' equity section.

If a Company Employs a Capital Stock Registrar And/or Transfer