Multiple Choice
Chapter 5 discusses the essential properties of working papers.With respect to data analytics,working papers should contain the following items except:
A) work programs used to document the audit procedures to collect, manipulate, model, and evaluate data
B) evidence, including data extracts, transformed data, and model output that provides support for the functioning controls and management assertions.
C) superseded drafts of working papers or financial statements, notes that reflect incomplete or preliminary thinking, previous copies of documents corrected for typographical or other errors, and duplicates of documents.
D) documentation about existing automated controls, including parameters and variables used for analysis
Correct Answer:
Verified
Correct Answer:
Verified
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Q4: Which of the following describes an example
Q5: Which of the following best defines the
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Q7: Under the guidance of the chief audit
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Q11: Which Accounting Data Standard defines the format