Of the following, which is the most efficient audit procedure for verification of interest expense on bonds

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Of the following, which is the most efficient audit procedure for verification of interest expense on bonds payable?

a. Tracing interest declarations to an independent record book.

b. Re computing interest expense.

c. Confirming interest rate with the holder of the bonds.

d. Examining the canceled interest checks.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 08, 2024 01:29 AM

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Of the following, which is the most efficient audit procedure for verification of interest expense on bonds

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Auditing An Assertions Approach

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