Multiple Choice
Which of the following is likely the most effective audit procedure for the verification of the legal ownership of real property?
A) Examination of correspondence with the corporate counsel concerning acquisitions.
B) Examination of ownership documents registered and on file at a public hall of records.
C) Examination of corporate minutes and resolutions concerning the approval to acquire property, plant, and equipment.
D) Examination of deeds and title guaranty policies on hand.
Correct Answer:
Verified
Correct Answer:
Verified
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