Question: The following long term debt documentation indexed K l and presented on

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., a continuing audit client. The engagement supervisor is thoroughly reviewing the working papers. Identify the deficiencies in the audit documentation (shown on the next page) that the engagement supervisor should discover.

Overall Conclusions
Long-term debt, accrued interest payable, and interest expense are correct and complete at12/31/13.

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  • CreatedSeptember 22, 2014
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