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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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