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Author Question: The audit objective that requires that existing notes payable be included in the notes payable ... (Read 79 times)

Tb12162018

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on: Aug 21, 2022

Question 1

Responsibility for the issuance of new notes payable would normally be vested in the
◦ board of directors.
◦ purchasing department.
◦ accounting department.
◦ accounts payable department.

Question 2

The audit objective that requires that existing notes payable be included in the notes payable schedule is satisfied by performing which of the following audit procedures?
◦ Confirm notes payable.
◦ Trace the total of the notes payable schedule to the general ledger.
◦ Review the notes payable schedule to determine whether any are related parties.
◦ Review the bank reconciliation for new notes credited directly to the bank account by the bank.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Tb12162018 on Aug 21, 2022

GoldenBrown

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Tb12162018

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

marict

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Reply 3 on: Yesterday
Gracias!

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