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hungry22 hungry22
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A year ago
Audit documentation of the evidence gathered by the auditor should meet which of the following criteria?

▸ Workpapers are prepared in sufficient detail so that they can be given to the client for future reference.

▸ The content is sufficient to provide support for the auditor's opinion, including the auditor's representation as to compliance with auditing standards.

▸ Audit evidence is principally gathered to determine if the client's financial statements, as prepared by management, can be relied upon to make managerial decisions about the firm.

▸ Audit evidence as displayed in the workpapers is primarily performed to protect the auditing firm in the case of a lawsuit by investors.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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aliwchamounaliwchamoun
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A year ago
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