The auditor should prepare working papers which are sufficiently complete and detailed to provide an overall understanding of the audit. Required: Give any two reasons why a director should examine the directors‘ minute book

To ensure that shares and debentures were issued at the quoted prices and uniformly to all qualified allocates.
• Should there be forfeiture of shares at any one time, it should be clearly stated that defaulters were given adequate warning concerning monies owed.
• For contracts signed for capital projects, the auditor needs to ensure that ALL signatories actually appended their signatures to the contract.
• Verify that title deeds for land owned actually exists and clearly indicates the company as the legal owners of the assets as stated in the Balance sheet



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