GEN COMBO LL PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES; CONNECT AC
GEN COMBO LL PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES; CONNECT AC
21st Edition
ISBN: 9781260427202
Author: Ray Whittington, Kurt Pany
Publisher: McGraw-Hill Education
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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

GEN COMBO LL PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES; CONNECT AC

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