During the Year Under Audit, a Company Has Completed a Private

Multiple Choice

During the year under audit, a company has completed a private placement of a substantial amount of bonds. Which of the following would the auditor use to test the completeness assertion in the auditor's program for the audit of bonds payable?

A) Confirming the interest rate with the bond trustee.
B) Tracing the cash received from the issue to the accounting records.
C) Examining the bond agreement for a sinking fund provision.
D) Recomputing the annual interest cost and the effective yield.