Multiple Choice
The working papers are:
A) used primarily as a basis for the partners to review and reward the work of the managers, seniors, and staff.
B) the primary means of documenting that an adequate audit was conducted in accordance with auditing standards.
C) the property of the auditor although prepared by the client.
D) the property of the client.
Correct Answer:

Verified
Correct Answer:
Verified
Q95: The engagement letter:<br>A) is useful only if
Q96: Copies of the client's constitution and organisation
Q97: One hundred percent acceptable audit risk means
Q98: Discuss the purposes of audit working papers.
Q99: Auditors should plan engagements properly to:<br>A) ensure
Q100: A clear understanding of the terms of
Q101: What is a feature of ACL, a
Q102: Which factor would NOT be considered by
Q103: The official record of the meetings of
Q104: A working trial balance is:<br>A) a listing