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edelynpl edelynpl
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A year ago
Actual interest expense is significantly higher than the auditor's estimate. This would most likely lead the auditor to conclude that the client has not

▸ recorded all long-term interest-bearing debt in the accounting records.

▸ recorded all interest expense paid or accrued.

▸ properly accounted for the discount of bonds payable account.

▸ properly recorded interest income.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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yoorimchiyoorimchi
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