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.
InvestorWords.com - Online Investing Glossary. Undistributed dividend retained by the company as retained earnings with stockholders' consent for the purpose of decreasing the company's corporate tax liability while increasing the stockholders' tax liability and company share price. â You should try and figure out the best way to use a consent dividend to your advantage to make future profits.