If a company does not monitor notes and loans payable for due dates and interest payment dates

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If a company does not monitor notes and loans payable for due dates and interest payment dates in relation to financial statement dates, what misstatements can appear in the financial statements?

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Auditing An International Approach

ISBN: 978-0071051415

6th edition

Authors: Wally J. Smieliauskas, Kathryn Bewley

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Question Posted: Jan 09, 2015 09:41 AM

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If a company does not monitor notes payable for due dates and interest payment dates in relation to financial statement dates, what misstatements can appear in the financial statements?
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Auditing An International Approach

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