Read the listing of substantive procedures for debt and match each with its appropriate primary audit objective.

1.Evaluating whether debt provisions and covenants have been met.

2.Examining copies of the actual signed note payable to determine the correct dollar amount of the liability

3.Confirming debt

4.Determining reasonableness and consistency with expectation

5.Vouching borrowing and repayment terms

_____Valuation

_____Presentation and disclosure

_____Cutoff

_____Existence

_____Completeness