Unformatted text preview: of the following is the primary meactions related to
'd to me
souls ! Lights and Obligations
of it anchides movingmoment
` . Calculate the total debt _ in_ equity ratio and Furturn a trend analysis
with prior periods
2.5 Out OF 2 5 points
It' the auditor determines that the client's current ratio is below a particular covenant*
level , which of the following would the auditor NOT do ?
Answers : I Consider that the debt will be due and payable . if the violation is not
`` Assume that the debt will need to be reclassified , if the violation is not
( ` , Issue an adverse audit opinion
J. Assess the effects of the violation...
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- Fall '10
- Exam 2, Auditor's report, total debt