Which of the following is not important documentation for substantive procedures for capital stock and equity transactions?
a. Confirmations with transfer agent or shareholders.
b. The client's articles of incorporation.
c. A summary of the changes in equity accounts.
d. A memo regarding audit ideas generated during the brainstorming session regarding potential frauds applicable to the capital stock and equity transactions.
d
You might also like to view...
Which dialectic is concerned with surprise and spontaneity?
a. autonomy and connectedness b. novelty and predictability c. openness and closedness d. agency and constraint
In process layouts, equipment is arranged according to the type of task performed.
Answer the following statement true (T) or false (F)
Readymade Construction Corporation offers to buy from Set-Still Cement Company a certain quantity of cement for a certain price. Set-Still can accept the offer by
A. a material alteration of the terms within a reasonable time. B. a promise to ship or a prompt shipment of the cement. C. a prompt shipment of the cement only. D. a shipment of nonconforming goods with a notice of accommodation.
To become a negotiable instrument, a draft must conform to the following requirements EXCEPT:
A) it must be in writing and signed by the maker or drawer B) it must be payable to order or to bearer C) it must be written in English D) it must be payable on demand or at a fixed or determinable future date