As Part of the Audit of Dividends,the Auditor Would Verify

question 62

Multiple Choice

As part of the audit of dividends,the auditor would verify whether the payment was made to the shareholders who owned the stock at the dividend record date.Which of the following audit tests assists with this objective?

• A)examining the minutes of board of directors' meetings for the amount of the dividend per share and the dividend date
• B)reviewing the permanent audit working paper file to determine if there are restrictions on the payment of dividends
• C)recomputing the amount of dividends declared by multiplying the dividend amount per share by the number of shares outstanding
• D)selecting a sample of recorded dividend payments and tracing the payee's name on the cancelled cheque to the dividend records

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Definitions:

Job Vacancies

Open positions within a company that are advertised to potential candidates.

Job Seekers

Individuals actively looking for employment opportunities, either as a new entrant to the job market or seeking a new position while employed or unemployed.

Quality of Hires

A metric used to evaluate how well new recruits meet the needs of the organization, their performance, and how they fit into the company culture.

Recruitment Function

The process within human resources aimed at attracting and selecting qualified candidates for job positions.