Which of the following audit procedures is least effective for detecting unrecorded long-term debt at the balance sheet date? Testing cash disbursements in the subsequent year. Confirming long-term debt. Confirming cash. Analyzing the ratio of current interest expense to average long-term debt. A client has a note payable recorded at the balance sheet date. The terms of the loan were renegotiated shortly after year-end. The auditor read the revised loan document and new terms to obtain evidence related to which of the below assertions? Existence Completeness Presentation \& Disclosure Valuation