Consider the following substantive procedures. For each substantive procedure, select the assertion$($s$)$ for which the

substantive procedure is designed to detect misstatements. You may use an assertion below more than once.

a$.$ Inspect activity in all long$-$

term debt and related

income statement accounts

and investigate entries that

appear unusual in amount or

source.

Confirm equity transactions

b$.$ with the company's registrar

or transfer agent.

c$.$ Inspect authorizations and

terms of stock issues.

Compare financial statement

d$.$ presentation with GAAP for

debt disclosures.

Scan the cash receipts

e$.$ journal for large, unusual

cash receipts.

Occurrence, accuracy, cutoff, and classification debt.

Occurrence, accuracy, and cutoff of debt transactions.

Occurrence, accuracy, and cutoff of debt transactions.

Vouch a sample of entries in

f$.$

the long$-$term debt and

related interest expense

accounts.

g$.$ Calculate appropriate equity

ratios.

h$.$

Confirm interest expense

and recalculate as necessary.

Occurrence, accuracy, cutoff, and classification debt.

Occurrence, completeness, accuracy, cutoff, and classification of equity.

Occurrence, accuracy, and cutoff of debt transactions.