Business, 30.04.2021 22:10 Superman2934

In the audit of notes payable, an auditor testing the ASB balance assertion of accuracy and valuation most likely would: a. read directors' and finance committee's minutes for authorization of financing transactions.
b. select a sample of paid notes and trace interest expense to the general ledger account.
c. select a sample of paid notes and recalculate interest expense for the period under audit.
d. select a sample of notes payable and vouch cash receipt to the bank statement.

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