For internal control purposes,the audit team may consider whether dividends declared and paid have been approved by which of the following?
A)executive management.
B)the transfer agent.
C)the shareholders.
D)the board of directors.

Question

Quizplus · Accepted Answer

Dividends declared and paid are usually approved by the board of directors, who have the authority to make decisions related to corporate finance and operations. Executive management and the transfer agent may have some involvement in the process, but they are not typically responsible for approving dividends. Shareholders do not have the authority to approve dividends but may have the right to vote on the election of board members who could ultimately make these decisions.

For Internal Control Purposes,the Audit Team May Consider Whether Dividends