Which of the Following Would the Auditor Consider as Part

question 10

Multiple Choice

Which of the following would the auditor consider as part of the control environment related to debt?

• A)Inquiry of trustee regarding the registration of current bondholders and distribution of interest payments.
• B)Recalculation of the underwriter's commission.
• C)Independence of the board of directors with respect to long-term financing.
• D)Inspection of documentation to confirm refinancing of debt.

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