An audit program for long-term debt would most likely include steps that require

Ibrahimhamm

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2022-07-01

Comparing the carrying amount of the debt to its year-end market value
Correlating the interest expense recorded for the period with the debt outstanding for the period
Verifying the existence of the holders of the debt by direct confirmation
Inspecting the accounts payable subsidiary ledger for unrecorded long-term debt

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Ibrahimhamm

2022-07-01

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