Which of the following is the least important in helping the auditor develop an independent expectation of interest expense as a substantive analytical procedure?
A)Determine average interest rates.
B)Determine average debt outstanding.
C)Examine disaggregated data by type of debt.
D)Examine an interest revenue schedule.

Question

Quizplus · Accepted Answer

Examining an interest revenue schedule would not provide relevant information for developing an independent expectation of interest expense. Interest revenue is a separate account and does not directly relate to interest expense. The other options are all important in developing an independent expectation of interest expense.

Which of the Following Is the Least Important in Helping