The Auditor Will Obtain a Copy of the Client's Articles

question 72

Multiple Choice

The auditor will obtain a copy of the client's articles of incorporation (if applicable) and retain a copy in the permanent file.Important information in the articles of incorporation includes

• A)the interest rates currently being paid for bonds that have been issued.
• B)voting rights of each class of shares issued by the company.
• C)which shares have been redeemed by the company in the current year.
• D)the interest rates that are being received on long-term notes invested.

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Definitions:

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