Agree current year amounts on liabilities lead schedule to trial balance. F-1 Disclosure HD 2 Agree prior year amounts to prior year audited financial statements. F-1 Presentation and Disclosure HD 3 Foot liabilities lead schedule. F-1 Closure HD 4 Obtain debt confirmations from banks (standard bank confirmation). D-4 Disclosure HD a Review the bank confirmation for loans and collateral. D-4 Presentation HD The auditor recognizes that the inventory is listed as collateral on more than one debt item, this should be included in the footnotes to the financial statements. 5 Obtain a listing of all accounts payable as of year end. F-4 HD 6 Foot aged accounts payable schedule. ZP 7 Agree aged accounts payable schedule to lead sheet and trial balance. 8 Review the aged accounts payable schedule for unusual or related party items. 9 Conduct a search for unrecorded liabilities by examining open vouchers, vendors' invoices and statements received, and cash payments made for a period after year-end. 10 Inquire about terms that justify classifying payables as long-term instead of current. 11 Inquire of management about any capital lease agreements entered into during the year. JM 12 Review agreements/contracts for leases to ensure that they are appropriately classified. JM 13 Agree lease amounts to the lead sheet and trial balance. JM 14 Foot the long-term debt amortization table. JM 15 Agree long-term debt to the lead sheet and trial balance. JM 16 Review long-term debt agreements/contracts for future minimum required debt payments that should be disclosed