Audit Procedure Assignment

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Discuss the following two statements:

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1- the corporate charter and the bylaws of a company are legal documents; therefore, they should not be examined by the auditors. If the auditor wants information about these documents, an attorney should be consulted.

2- the most important audit procedure to verify dividends for the year is a comparison of a random sample of canceled dividends checks with a dividend list that has been prepared by management as of the dividend record date. Get Accounting homework help today