During an audit,Wicks learns that the entity was granted a 3-month waiver of the repayment of principal on the installment loan with Blank Bank without an extension of the maturity date,which is one year in the future.With respect to this loan,the audit program used by Wicks is least likely to include a verification of the

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The audit program is least likely to include a verification of the balloon payment, as this information is not relevant until the maturity date of the loan, which is one year in the future. The audit program should include a verification of the interest expense for the year, total liability at year-end, and installment loan payments, as these are all relevant to the current financial year.

During an Audit,Wicks Learns That the Entity Was Granted a 3-Month