If Analytical Procedures Provide Evidence That Interest Expense Is Presented

question 145

Multiple Choice

If analytical procedures provide evidence that interest expense is presented fairly, _______.

• A)the auditor can appropriately limit the assurance needed from tests of details of transactions and related sample sizes when testing interest expense
• B)the auditor can appropriately increase the assurance needed from tests of details of transactions and related sample sizes when testing interest expense
• C)then there is no need for the auditor to audit any related accounts, such as notes payable
• D)then the auditor should direct management to pay the associated expense

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