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plz help Dave and Maria are working on the audit of a major client's financing cycle and activities. Dave's supervisor has recently apprised him that
plz help
Dave and Maria are working on the audit of a major client's financing cycle and activities. Dave's supervisor has recently apprised him that he would like Dave to check the details and amounts surrounding a recent major bond issue by the client. Dave is unsure as to how to proceed, and asks Maria for advice. Which of the following would be helpful suggestions by Maria? (Select all that apply.) You should plan to meet with the client's bondholders to confirm the existence of bond indentures and certificates. O You should consider auditing related interest expense accounts, as a new bond issue would have increased these. The easiest thing to do would be to request written assurancesfrom senior management pertaining to the bond issue. Wecan then include this document in our audit file. O You should think aboutexamining the minutes of previous board of directors meetings, as details of the approval should be contained in those minutesStep by Step Solution
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