Which of the Following Is the Auditor's Primary Objective When

question 12

Multiple Choice

Which of the following is the auditor's primary objective when auditing debt obligations?

• A) Understatement of the debt obligation focusing on the completeness assertion.
• B) Proper valuation of bond premiums or bond discounts, including amortization valuation.
• C) Valuation of gains or losses on refinancing debt.
• D) Proper presentation and disclosure, including important restrictions contained in the debt obligations.

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