The Audit Objective to Determine That Existing Notes Payable Are

The audit objective to determine that existing notes payable are included in the notes payable schedule (completeness) is accomplished by the following test of balances procedure.

A) Examine balance sheet for disclosure details.
B) Recalculate accrued interest.
C) Review the bank reconciliation for new notes credited directly to the bank account by the bank.
D) Examine duplicate copies of notes for principal and interest rates.