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What type of audit procedure is

    Assignment Instructions

    Assignment ID: FG132753033

    Problem 1: The auditor of Tripwire Co is performing an audit procedure on interest expense. The procedure involves calculating the average loan balance outstanding each month multiplied by the average interest rate during the year. What type of audit procedure is this?

    Option 1: Test of detail

    Option 2: Stratification

    Option 3: Proof in total

    Option 4: Trend analysis

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