Which of the following is the auditor's primary objective when auditing debt?
A)Understatement of the debt obligation focusing on the completeness assertion.
B)Proper valuation of bond premium or bond discount,including amortization valuation.
C)Valuation of gains or losses on refinancing debt.
D)Proper presentation and disclosure,including important restrictions contained in the debt.

Question

Quizplus · Accepted Answer

The auditor's primary objective when auditing debt is to ensure that all debt obligations are recorded, focusing on the completeness assertion to prevent understatement.

Which of the Following Is the Auditor's Primary Objective When