Which of the following is a customary audit procedure for the verification of the legal ownership of real property?
A) Examination of correspondence with the corporate counsel concerning acquisition matters.
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
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