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    Auditing and Assurance Services Study Set 2
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    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
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    When Performing Substantive Analytical Procedures for Notes Payable, If Actual
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When Performing Substantive Analytical Procedures for Notes Payable, If Actual

Question 66

Question 66

True/False

When performing substantive analytical procedures for notes payable, if actual interest expense is materially larger than the auditor's expectation, one possible cause would be interest payments on unrecorded notes payable.

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