During the course of an audit, a CPA's substantive analytical procedure provides an expected interest expense that is significantly higher than the amount recorded in the entity's accounting records. This observation would most likely lead the auditor to suspect that

A. The entity failed to record all debt.

B. Discount on Bonds is misstated.

C. Interest income is overstated.

D. The entity failed to record all interest expense.


D. The entity failed to record all interest expense.

Business

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?Which of the following happened as a result of inflation targeting in New Zealand ?

A. ?It made the goals of the central bank explicit. B. ?It led to a higher expected inflation rate. C. ? It increased the inflation rate in the country. D. ?It lowered the credibility of the central bank.

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Why will the POQ almost always outperform the EOQ as an MRP lot-sizing technique?

What will be an ideal response?

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An increase in the expected salvage value at the end of a capital budgeting project will increase the internal rate of return for that project.

Answer the following statement true (T) or false (F)

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Which of the following is part of the marketing segment?

a. plans for specific TV ads b. the competitive analysis c. plans for gaining shelf space d. entry barriers

Business