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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit procedure
One of the audit procedures for share capital is that the auditor should inspect the cash book of cash receipt from issues of shares and ensure amount not yet received are the correct amount disclosed as * share capital called-up* not paid in FS.
Please, what do they mean by share capital called up?
The shareholders have been asked for the money for new shared, but haven’t yet paid it.
