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An auditor's program to examine long-term debt most likely would include steps that require:--

User Jmlsteele
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Final answer:

An auditor's program to examine long-term debt would typically include reviewing financial statements, analyzing debt agreements, and verifying debt disclosures.

Step-by-step explanation:

An auditor's program to examine long-term debt would typically include steps such as:

  • Reviewing the company's financial statements to identify long-term debt obligations.
  • Analyzing the terms and conditions of the long-term debt agreements, including interest rates, repayment schedules, and any associated collateral.
  • Verifying the accuracy and completeness of long-term debt disclosures in the company's financial reports.

These steps help the auditor assess the appropriateness and accuracy of the company's long-term debt records and ensure compliance with relevant accounting standards.

User James Fletcher
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