1. The primary audit concern with the verification of long-term liabilities is that all are recorded and that the is properly paid or 2. of accounts receivable records implies the power to alter them directly or enter transactions to alter them. 3. Inventory observation may need to be scheduled on the year-end date, making a large number of test counts if the test of controls 4. When the and are in hand, the accountants can record the accounts payable. 5. transactions are obligations and commitmentsthat are not required to be recorded