Question: An auditor performs an analytical procedure and calculates an expected interest expense for the client using the average debt outstanding, the weighted average interest rate,
An auditor performs an analytical procedure and calculates an expected interest expense for the client using the average debt outstanding, the weighted average interest rate, and the payment dates.
This test would provide what level of assurance?
a. general.
b. minimal.
c. corroborative.
d. persuasive.
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