Typically,when determining the appropriate audit procedures to perform for debt accounts,the auditor will usually decide to test debt,including interest,using only substantive procedures.

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This statement is generally true. Debt accounts are usually tested using substantive procedures because there is typically a low risk of material misstatement associated with these accounts. However, the auditor may also consider the nature and complexity of the debt accounts, as well as the results of risk assessment procedures, when determining the appropriate audit procedures to perform.

Typically,when Determining the Appropriate Audit Procedures to Perform for Debt