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

Audit Mcqs
BILAL KHATTAK0

A. They document the level of independence maintained by the auditor 
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
D. They help the auditor to monitor the effectiveness of the audit firm’s quality control

Related Mcqs:

  1. The working papers which auditor prepares for financial statements audit are___________??
  2. Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor??
  3. Which of the following factors would least likely affect the quantity and content of an auditor’s working papers?
  4. The current file of the auditor’s working papers, generally, should include____________??
  5. For what minimum period should audit working papers be retained by audit firm??
  6. The quantity of audit working papers complied on engagement would most be affected by__________??
  7. Concurrent audit is a part of____________?
  8. Audit programme is prepared by____________??
  9. Which of the following factors is most important in determining the appropriations of audit evidence??
  10. Which of the following is correct in relation to materiality??

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