Question

A transfer agent and a registrar are most likely to provide the auditor with evidence on:

a) Restrictions on the payment of accounts payable.
b) Shares issued and outstanding.
c) Preferred stock liquidation value.
d) Transfers occurring between management and related parties.

Answer 1

Transfer agents and registrars provide the auditor with evidence on shares issued and outstanding.

Step-by-step explanation:

A transfer agent and a registrar are most likely to provide the auditor with evidence on shares issued and outstanding. Transfer agents and registrars are responsible for maintaining accurate records of a company's shareholders and their ownership of shares.

They can provide the auditor with information on the number of shares issued, the number of shares outstanding, and any changes in ownership.