In Those Audits Where There Is a Heightened Risk of Fraud

Multiple Choice

In those audits where there is a heightened risk of fraud related to stockholders' equity accounts,which of the following will the auditor typically not perform?

A) Confirm terms of equity arrangements and shares held directly with shareholders.
B) Account for and vouch all proceeds from stock issues.
C) Confirm with shareholders whether there are any side agreements.
D) Review equity authorizations in the board meeting minutes.