What is an audit procedure that should be performed to address the risk that long...
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Accounting
What is an audit procedure that should be performed to address the risk that long term liabilities are understated because the company did not record all of their obligations? a Review board meeting minutes. b Confirm outstanding balances. c Review loan agreements. d Test for compliance with debt covenants. 
What is an audit procedure that should be performed to address the risk that long term liabilities are understated because the company did not record all of their obligations?
a Review board meeting minutes.
b Confirm outstanding balances.
c Review loan agreements.
d Test for compliance with debt covenants.
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