1) You are an auditor on an engagement. You are assigned to audit stockholder's equity. What types of transactions would you expect to see affecting the stockholder's equity account(s)?
2) You are an auditor on an engagement. You are assigned to audit your client's debt obligations. What are some of the inherent risks related to debt obligations?
3) You are an auditor on an engagement. You are assigned to audit your client's stockholders' equity. What might be some inherent risks related with stockholders' equity transactions?