Identify at Least Five Specific Procedures an Auditor Can Apply

question 51

Essay

Identify at least five specific procedures an auditor can apply to collect audit evidence and provide an example of each.

---

Definitions:

Dividend Policy

A company's approach to distributing profits to its shareholders, determining how much to pay out in dividends and how often.

Investor Confidence

The degree of faith that investors have in the stability and profitability of the financial markets, influencing their willingness to invest.

Clientele Effect

A theory suggesting that the stock price movements are influenced by the preferences of a company's current shareholder base.

Payout Ratios

The proportion of earnings paid out to shareholders in dividends, indicating how much profit is distributed versus retained.