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

Bond issue is the issue which has been made by the company to get the funds from the public and that…

Answered: Which of the following would be helpful…

Business

Accounting

Which of the following would be helpful suggestions by Maria? (Sele

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter4: Professional Legal Liability

Section: Chapter Questions

Problem 12CYBK

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