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Reviewing interest expense to identify payments to debt-holders not listed on the debt analysis schedule is a procedure that can be used to provide evidence for which audit assertion for loans payable:
Control Systems
Mechanisms or regulations designed to manage or govern the behavior of systems or processes, ensuring they operate within desired parameters.
Performance Appraisals
The process used by organizations to assess employees' job performance over a specific period, aiming to understand their achievements and areas for improvement.
Cultural
Relating to the beliefs, practices, norms, and values of a group of people.
Organizational Control
The procedures and mechanisms used by a business to regulate its actions and align its behaviors with its objectives.
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