One of the balance-related audit objectives of notes payable balances includes Are notes payable properly aggregated and presented, and are disclosures adequate and understandable?
(presentation). List two common tests of details for notes payable which should be considered in meeting this audit objective.

Question

One of the balance-related audit objectives of notes payable balances includes Are notes payable properly aggregated and presented, and are disclosures adequate and understandable?
 (presentation). List two common tests of details for notes payable which should be considered in meeting this audit objective.

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The Answer of One of the balance-related audit objectives of notes payable balances includes Are notes payable properly aggregated and presented, and are disclosures adequate and understandable?
 (presentation). List two common tests of details for notes payable which should be considered in meeting this audit objective.

One of the Balance-Related Audit Objectives of Notes Payable Balances