Reviewing interest expense to examine payments to debt holders not listed on the debt analysis schedule is a procedure that can be used to test the audit assertion of:

Question

Quizplus · Accepted Answer

Reviewing interest expense to examine payments to debt holders not listed on the debt analysis schedule is a way to test the completeness assertion, which ensures that all debts have been included in the analysis schedule. This procedure aims to determine whether any unknown debts exist and verifies whether all interest payments have been included in the financial statements.

Reviewing Interest Expense to Examine Payments to Debt Holders Not