What Is the Difference Between an Independent Registrar and a Stock
What is the difference between an independent registrar and a stock transfer agent?
What are two important internal control procedures that companies should implement to prevent misstatements in owners' equity when a company maintains its own records of stock transactions and outstanding stock?
Discuss the internal controls related to owners' equity that are of concern to the auditor.
Match six of the terms (a-i)used in the capital acquisitions and repayment cycle with the descriptions provided below (1-6): a.Capital acquisition and repayment cycle b.Capital stock certificate book c.Closely held corporation d.Independent registrar e.Note payable f.Publicly held corporation g.Stock transfer agent h.Schedule of notes payable and accrued interest i.Stock maintenance agent ________ 1.An outside person engaged by a corporation to make sure that its stock is issued in accordance with capital stock provisions in the corporate charter and authorizations by the board of directors. ________ 2.The normal starting point for the audit of notes payable; includes detailed information of all transactions related to notes payable that took place during the year. ________ 3.A record of the issuance and repurchase of capital stock for the life of the corporation. ________ 4.An outside person engaged by a corporation to maintain the stockholder records,and often to disburse cash dividends. ________ 5.An entity that is required to engage an independent registrar. ________ 6.The cycle that concerns the acquisition of capital resources through interest-bearing debt and owners' equity and repayment of the capital.