In auditing the long-term debt account, an auditor's procedures most likely would focus primarily on management's assertion of:
A)existence.
B)completeness.
C)allocation.
D)rights and obligations.

Question

Quizplus · Accepted Answer

The completeness assertion is crucial for long-term debt to ensure that all liabilities are recorded and none are omitted from the financial statements.

In Auditing the Long-Term Debt Account, an Auditor's Procedures Most