Problem (10 points). Listed below are errors, frauds, or other circumstances that an auditor might encounter as a result of applying audit tests to long term debt as of the balance sheet date. | (a) (b) (c) (d) (e) LIST OF ERRORS, FRAUDS, OR OTHER CIRCUMSTANCES THAT THE AUDITOR MIGHT ENCOUNTER DURING AUDIT OF LONG TERM DEBT Detailed long term debt records (subsidiary ledger) may not be accurate. All debt instruments are held by banks. There is no documentation supporting a bond indenture agreement. Proceeds from the bond issuance have all been expended. Various debt instruments required interest payments on the last day of all but two months. REQUIRED: For each of the above items, indicate the following. (1) A specific substantive test or tests that might address the error, fraud, or circumstance. Write the test in the form of an audit procedure. (2) The financial statement assertion addressed by each test