Refer to Exhibit and identify typical substantive procedures for relevant assertions related to debt obligations.
Answer to relevant QuestionsReview the Auditing in Practice feature "SEC Focus on Debt Presentation and Disclosure" and identify potential audit problems related to presentation and disclosure of debt.The following long-term debt documentation (indexed K-l), and presented on the next page, was prepared by client personnel and audited by AA, an audit assistant, during the calendar year 2013 audit of American Widgets, Inc., ...What are typical preliminary procedures related to stockholders' equity accounts?TRUE-FALSE QUESTIONS1. The going-concern evaluation is based on information obtained from normal audit procedures performed to test management's assertions; no separate procedures are required, unless the auditor believes ...Refer to the Auditing in Practice feature, "Related Party Disclosures at OAO Gazprom." What risks do the related party transactions with the Russian government pose for PwC in its audits of the company? Why might companies ...
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