Loose-leaf For Auditing & Assurance Services: A Systematic Approach
Loose-leaf For Auditing & Assurance Services: A Systematic Approach
11th Edition
ISBN: 9781260687637
Author: William F Messier Jr, Steven M Glover Associate Professor, Douglas F Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 15, Problem 15.14MCQ
To determine

Concept Introduction:

Bond sinking fund is established to repurchase a portion of outstanding bonds each year,bond transactions are usually done by bond trustee. So, auditor can best verify the entity bond fund transactions and year end balance by confirmation with Bond trustee.

To choose: The correct statement concerning the statistical sampling in tests of controls.

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