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.