During the audit of the financing activities for Dalton Corporation, the external auditors are attempting to determine whether theclient is paying installment payments owed to a creditor for a recent loan the client obtained. The audit team working on this areattempting to determine the best way to check this, and have approached you, the audit partner with overall responsibility for theengagement, for advice. Which of the following represents the most prudent suggestion to help the audit team check this? O lwould recommend obtaining written assurances from senior management pertaining to the currency of payments relatedto the loan. Once we obtain this assurance, we can use it for assurance in this area. O The team may want to consider examining the minutes of prior board of directors meetings to ensure the appropriateauthorizations were in place for the loan, and that the board of directors subsequently approved the amortization schedulefor the loan. O lwould recommend examining the clients' cash disbursements journals to vouch the payments of the loan are occurringin atimely manner. You can also audit repayment of principal on loans by examining canceled checks and vouchers. O None of these answer choices are correct.