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 managing the bond and acting on behalf of the bondholders. Therefore, obtaining written confirmation regarding bond transactions from the trustee is the best choice as they have the most relevant information about the transactions. Bond brokers and attorneys may have some information, but not as much as the trustee. The internal auditors may have some knowledge but may not be as involved in bond transactions.

During an Examination of a Public Company,the Auditor Should Obtain