7 CFR 1773.44 - Long-term debt.
The CPA's workpapers must document that he/she:
(a) Confirmed RUS, FFB, and RTB debt to the appropriate confirmation schedule (RUS Form 690, Confirmation Schedule Obligation to the FFB as of: or Form 691, Confirmation Schedule - Long-term Obligation to RUS as of; or RTB Form 12, Confirmation Schedule);
(b) Confirmed other long-term debt directly with the lender;
(c) Examined notes executed or canceled during the audit period; and
(d) Tested accrued interest computations.