Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which of the following statement is true regarding an auditor’s working papers?

A.  They document the level of independence maintained by the auditorB.  They should be considered as the principle support for the auditor’s reportC.  They should not contain details regarding weaknesses in the internal control systemD.  They help the auditor to monitor the effectiveness of the audit firm’s quality control

user-image
Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/14
Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

b

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (B)  >>>>>>>>>>>>     [They should be considered as the principle support for the auditor’s report]

C.  They should not contain details regarding weaknesses in the internal control system

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

c )

Jijumon James
by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL

Answer is B

Roy Aviles
by Roy Aviles , Senior Accountant , Bab Ishtar Group WLL

B. Auditor' report are end product of all documentation(working papers) of an audit. This is the supporting documents to back up your audit opinion. Remember that Internal Control Questionare in initial planning is a documents that provides the weakness and strong points of internal control.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

c is the correct answer 

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

B,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Waqas Raza Khan
by Waqas Raza Khan , Accountant , Cold Store Group of Saudi Arabia

Answer is Option (B)........................

Basit Ali
by Basit Ali , Director of Engineering , Laverda Suites & Villas / Blue Bay Resorts

Opt C

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.