The auditor's primary concern in the verification of long-term liabilities is that all liabilities are recorded and that the interest expense is properly paid or accrued.

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The auditor's primary concern in the verification of long-term liabilities is to ensure that all liabilities are properly recorded in the financial statements and that the interest expense associated with those liabilities is accurately recorded and paid or accrued. This is important to ensure the accuracy and completeness of the financial statements, as long-term liabilities can have a significant impact on a company's financial position and performance.

The Auditor's Primary Concern in the Verification of Long-Term Liabilities