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Auditing & Assurance Services 6th Edition by Timothy Louwers
النسخة 6الرقم المعياري الدولي: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
النسخة 6الرقم المعياري الدولي: 978-0077862343 تمرين 15
An audit team would most likely verify the interest earned on bond investments by
A) Vouching the receipt and deposit of interest checks.
B) Confirming the bond interest rate with the issuer of the bonds.
C) Recomputing the interest earned on the basis of face amount, interest rate, and period held.
D) Testing internal controls relevant to cash receipts.
A) Vouching the receipt and deposit of interest checks.
B) Confirming the bond interest rate with the issuer of the bonds.
C) Recomputing the interest earned on the basis of face amount, interest rate, and period held.
D) Testing internal controls relevant to cash receipts.
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The correct Answer is c.In order to veri...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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