In auditing the retained earnings, the following items does not concern the auditor even if it was not approved by the Board of Directors. a. Issuance of convertible debt securities b. Issuance of redeemable preferred shares c. Declaration of 20% share dividends d. Changes in retained earnings due to closing of net income

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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In auditing the retained earnings, the following items does not concern the auditor even if it was not approved by the Board of Directors.

a. Issuance of convertible debt securities

b. Issuance of redeemable preferred shares

c. Declaration of 20% share dividends

d. Changes in retained earnings due to closing of net income

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