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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
  5. Question
    You Are Employing Tests of Details of Balances for Notes
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You Are Employing Tests of Details of Balances for Notes

Question 3

Question 3

Essay

You are employing tests of details of balances for notes payable and interest expense. Describe below specific audit procedures you would perform for the balance-related audit objectives of detail tie-in and existence. List at least two for each objective.

Correct Answer:

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