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Author Question: The tests of details of balances procedure which requires the auditor to trace the totals of the ... (Read 21 times)

tashina2013

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on: Aug 21, 2022

Question 1

The auditor's independent estimate of interest expense from notes payable uses average interest rates and
◦ average notes payable outstanding.
◦ year-end notes payable outstanding.
◦ only notes payable above the level of materiality.
◦ only notes payable to major lenders.

Question 2

The tests of details of balances procedure which requires the auditor to trace the totals of the notes payable list to the general ledger satisfies the audit objective of
◦ accuracy.
◦ existence.
◦ detail tie-in.
◦ completeness.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by tashina2013 on Aug 21, 2022

hiyayyay

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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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tashina2013

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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