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  3. Study Set
    Auditing A Risk Based Approach
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    Exam 13: Auditing Long-Term Liabilities and Stockholders Equity Transactions
  5. Question
    If Interest Expense Recorded by the Client Is Significantly Lower
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If Interest Expense Recorded by the Client Is Significantly Lower

Question 81

Question 81

True/False

If interest expense recorded by the client is significantly lower than the auditor's expectation,it may mean that interest payments have not been properly recorded,possibly having been charged to principal.

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