Which of the following is the auditor's primary objective when auditing debt obligations?
A) Understatement of the debt obligation focusing on the completeness assertion.
B) Proper valuation of bond premiums or bond discounts, including amortization valuation.
C) Valuation of gains or losses on refinancing debt.
D) Proper presentation and disclosure, including important restrictions contained in the debt obligations.
Correct Answer:
Verified
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