Jennifer Daoust is reading the documents prepared by the members of the team working on the audit
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Jennifer is particularly concerned about the documents relating to the receivable confirmations. This is because the audit assistant who wrote up the confirmation results said that no further work was required. On review of the results, Jennifer discovered that the audit assistant had incorrectly treated "no reply" results as acceptable for a positive confirmation, when they are acceptable only for a negative confirmation. Jennifer had ordered further work be done to follow up these "no reply" results.
Required
(a) What is the minimum standard that the audit documentation must meet?
(b) How would you treat the corrections made to the audit assistant's recommendations and the additional work on receivable confirmations in the working papers? Explain. Refer to both CAS 505 and CAS 230 in your answer.
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