In Auditing Long-Term Debt,an Auditor Would Be Most Likely To

question 30

Multiple Choice

In auditing long-term debt,an auditor would be most likely to:

• A)Perform analytical procedures on the bond prenumbered discount accounts.
• B)Examine documentation of assets purchased with bond proceeds for liens.
• C)Evaluate whether debt provisions have been met.
• D)Confirm the existence of individual long-term debt holders at year-end.