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bigben0007 bigben0007
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A year ago
An auditor is determining whether an issuance of notes payable for cash was correctly recorded. Her or his best course of action would be to

▸ confirm with the bond trustee as to the amount of bonds issued.

▸ confirm with the underwriter as to the appropriate market yield on the bonds.

▸ trace the cash received from the proceeds to the accounting records.

▸ verify that the amount was included in a footnote disclosure.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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browntown345browntown345
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