EBK PRINCIPLES OF AUDITING & OTHER ASSU
EBK PRINCIPLES OF AUDITING & OTHER ASSU
21st Edition
ISBN: 9781260299434
Author: WHITTINGTON
Publisher: YUZU
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Chapter 15, Problem 32HOQ

The auditors can best verify a client’s bond sinking fund transactions and year-end balance by:

  1. (1) Recomputation of interest expense, interest payable, and amortization of bond discount or premium.
  2. (2) Confirmation with individual holders of retired bonds.
  3. (3) Confirmation with the bond trustee.
  4. (4) Examination and count of the bonds retired during the year.
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Chapter 15 Solutions

EBK PRINCIPLES OF AUDITING & OTHER ASSU

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