Describe the Audit Procedures and Related Audit Assertions for the Audit

question 53

Essay

Describe the audit procedures and related audit assertions for the audit of dividends.

---

Definitions:

Food And Drugs

Pertains to the regulation and oversight of the production, distribution, and safety of food products and pharmaceuticals.

Consumer Product Safety Commission

A U.S. government agency responsible for protecting the public from unreasonable risks of injury or death associated with consumer products.

Food And Drug Administration

The Food and Drug Administration (FDA) is a federal agency of the United States responsible for the regulation and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, medical devices, and veterinary products.

Consumer Financial Protection Bureau

A U.S. government agency that aims to ensure consumers are treated fairly by banks, lenders, and other financial institutions.