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mkjmabrey mkjmabrey
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Which of the following is not an objective of the auditor's examination of notes payable?

▸ to determine whether internal controls are adequate

▸ to determine whether client's financing arrangements are effective and efficient

▸ to determine whether transactions regarding the principal and interest of notes are properly authorized

▸ to determine whether the liability for notes and related interest expense and accrued liabilities are properly stated
Textbook 

Auditing and Assurance Services


Edition: 17th
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ahgoebelahgoebel
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to determine whether client's financing arrangements are effective and efficient

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