To determine whether notes have been paid in full,the auditor would obtain the most appropriate evidence by examining the board of directors meeting minutes.

Question

Quizplus · Accepted Answer

Examining board of directors meeting minutes would not be the most appropriate evidence to determine whether notes have been paid in full. More appropriate evidence would include reviewing bank statements, confirming with the lender or debtor, and examining accounts payable and accounts receivable records.

To Determine Whether Notes Have Been Paid in Full,the Auditor