During its fiscal year,a company issued,at a discount,a substantial amount of first-mortgage bonds.When performing audit work in connection with the bond issue,the independent auditor should:

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Reviewing the minutes for authorization is crucial to ensure that the bond issuance was approved by the company's board of directors or relevant authority, which is a standard audit procedure to verify the legality and compliance of the transaction.

During Its Fiscal Year,a Company Issued,at a Discount,a Substantial Amount