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Which are assertions for the substantive testing

Assignment Help Financial Accounting
Reference no: EM132987183

Problem 1: In the analytical review of interest expense, the auditor should do the following, except:

a. Compare expected amounts to recorded amounts

b. Develop an expectation of interest expense by doing reperformance

c. Determine the range of acceptance based on the performance materiality level

d. Discuss significant unexpected differences with appropriate client personnel

Problem 2:  The following are assertions for the substantive testing of Long Term Financial Liability, except:

a. None of the above

b. Completeness

c. Rights & Obligations

d. Valuation

e. Cut-off

Reference no: EM132987183

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