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.

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Definitions:

Nutrition Knowledge

Awareness and understanding about how dietary nutrients, food composition, and intake affect health and well-being.

Behavior Change

Conducting oneself differently in some particular manner.

Novice Counselor

An individual recently trained or at the beginning stages of their career in counseling, still acquiring practical experience and expertise.

Counselor Issues

Problems or challenges faced by counselors, ranging from dealing with difficult clients to maintaining professional boundaries and managing personal stress.