Audit procedures for uncover unrecorded notes payable, Auditing

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Audit procedures for uncover unrecorded notes payable

Response to the following questions:

1. Which analytical procedures are most important in verifying notes payable? Which types of misstatements can the auditor uncover by the use of these tests?

2. Why is it more important to search for unrecorded notes payable than for unrecorded notes receivable? Suggest audit procedures that the auditor can use to uncover unrecorded notes payable.

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Auditing: Audit procedures for uncover unrecorded notes payable

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