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Determine which least likely to be audit objective for debt

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Reference no: EM132471633

Question 1: Which of the following is least likely to be an audit objective for debt?

Multiple Choice

Option 1: Determine the existence of recorded debt.

Option 2: Establish the completeness of recorded debt.

Option 3: Determine that the client has rights to receive proceeds relating to the redemption of debt.

Option 4: Determine that the valuation of debt is in accordance with generally accepted accounting principles.

Reference no: EM132471633

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