AUDITING RMU
AUDITING RMU
11th Edition
ISBN: 9781260934830
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 15, Problem 15.8RQ
To determine

Concept Introduction:

Share capital transaction: Share capital transactions include issue or buyback of shares, payment of dividends etc. Auditors are required to check these transactions to check the disclosures required as per accounting standards.

To indicate: Common audit procedures to audit dividends and retained earnings.

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