You Are Engaged in the Audit of Bordon Corporation,whose Records

question 20

Essay

You are engaged in the audit of Bordon Corporation,whose records have not previously been audited by your firm.The company has an independent transfer agent,as well as a registrar for its capital stock.The transfer agent maintains the record of stockholders,while the registrar checks that there is no overissue of stock.Both the transfer agent and registrar are required to validate stock certificates. One of the seniors on the audit proposes that confirmations be obtained from both the transfer agent and registrar regarding the outstanding stock balance at the balance sheet date.If the confirmations agree with the books,then he proposes that no additional work is to be performed on the capital stock account. REQUIRED: Do you agree or disagree that this will be sufficient? If yes,give the justification for your position.If no,state specifically all additional steps you would take and why you would take them.

---

Definitions:

Marketing Strategy

A comprehensive plan formulated to achieve specific marketing objectives, such as increasing brand awareness or market share.

Entrepreneurial Start-Up

A new business venture started by an entrepreneur with the aim of seeking, developing, and validating a scalable business model.

Perceptual Maps

A visual representation used in marketing to show how the average target consumer understands the positioning of a brand in relation to its competitors.

Positioning Strategies

Techniques used by companies to place their products or services in the mind of the consumers relative to competitors' offerings.