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

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Reviewing interest expense to examine payments to debt holders not listed on the debt analysis schedule is a procedure to ensure that all debt holders have been included in the debt analysis schedule. This procedure tests the audit assertion of completeness, i.e., all transactions and accounts that should be presented in the financial statements are included.

Reviewing Interest Expense to Examine Payments to Debt Holders Not