please kindly tell me what it has to do with the right and obligation assertion as you said earlier…the ownership retained to the borrower company and not the mortagee…so why the auditor is concered with checking and verifying..motagage deed and other documents…
so in this case if auditor is verifying the completeness assertion of assets under mortagage…the only relevance is that …the disclosure should clearly state that asset is under mortagage or lien..etc..? and it should mention the mortagee..