During an examination of a public company, the auditor should obtain written confirmation regarding bond transactions from the:

Question

Quizplus · Accepted Answer

The trustee is responsible for making sure that bond transactions are properly executed in accordance with the terms of the bonds. Therefore, obtaining written confirmation from the trustee is the best choice. The transfer agent handles the transfer of shares of stock, but not bond transactions. The entity's attorney and internal auditors may not have direct knowledge of bond transactions.

During an Examination of a Public Company, the Auditor Should