A starting point for substantive tests of details on debt is to have the client provide a cash flow statement.

Question

Quizplus · Accepted Answer

The starting point for substantive tests of details on debt typically involves obtaining or preparing a listing of all debt obligations, including details such as creditor names, amounts owed, interest rates, maturity dates, and collateral pledged, rather than starting with a cash flow statement.

A Starting Point for Substantive Tests of Details on Debt