The primary purpose of a premium audit is to calculate your final premium. When your policy was issued, the premium was an estimate of an exposure. basis (usually payroll or sales) multiplied by a rate. The rate used is determined. by how the exposure base is classified. The audit will examine your records to. establish the actual exposure basis and make sure that the correct classification.
Consent dividend is a dividend that some shareholders agree to give back or leave with the company issuing for the purpose of either expansion or increasing its cash positions. The shareholder also agrees to report the dividends for tax purposes.
What is a dividend? A dividend is a portion of a companyâs profits that is distributed to shareholders as a way to compensate them for their investment. The most common type of dividend is a cash dividend, in which shareholders receive a lump sum for every share they hold in the company. Companies (especially growing ones) seeking to reduce their share prices may opt to distribute stock dividends instead of a cash dividend.