When Auditing Debt Obligations, Which of the Following Is the Primary

question 62

Multiple Choice

When auditing debt obligations, which of the following is the primary substantive analytical procedure?

• A) Reading loan agreements.
• B) Developing an independent expectation of interest expense.
• C) Tracing bond proceeds to cash receipts.
• D) Confirming transactions with outside parties.

---

Definitions:

Worker Control

The degree to which employees can influence or direct their work environment and tasks, impacting job satisfaction and productivity.

Job Enrichment

A management concept focused on redesigning jobs to incorporate higher levels of responsibility and engagement to increase employee satisfaction and productivity.

Technocentric Approach

A perspective that emphasizes technology’s central role in societal development, solutions, and progress.

Anthropocentric Approach

A viewpoint that considers human beings as the central most significant entities of the universe, often evaluating other entities in terms of their usefulness to humans.