Selecting a sample of paid notes and tracing interest costs to the general ledger expense account is a test of the control objective of

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Selecting a sample of paid notes and tracing interest costs to the general ledger expense account is a test of the control objective of completeness. This is because the auditor is trying to ensure that all of the interest costs that were incurred during the period have been recorded in the general ledger.

Selecting a Sample of Paid Notes and Tracing Interest Costs