EBK AUDITING+ASSURANCE SERVICES
EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Chapter 22, Problem 25DQP

(a).

To determine

Determine the desirability of preparing an audit schedule for permanent file for the mortgage and the information which should be included in the schedule.

(b).

To determine

Determine the reason behind auditing of mortgage payable, interest payable and interest expenses should be done together.

 (c).

To determine

Determine the audit procedures that can be followed to verify the issue of mortgage, balance of mortgage and interest payable accounts.

(d).

To determine

Identify the information to be disclosed in footnotes for long term note payable to help the auditor determine satisfaction of presentation objective.

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