Question: Alan Trammel, the partner on the Magic Inc. audit called a meeting of his engagement staff during the engagement wrap-up. Which one of the following
Alan Trammel, the partner on the Magic Inc. audit called a meeting of his engagement staff during the engagement wrap-up. Which one of the following areas would be the least likely to be covered during the wrap up?
a.
consideration of the amount used for materiality
b.
preparation of budgets for the next year's audit
c.
performing analytical procedures on the adjusted financial statements
d.
removal of all unnecessary documentation from the engagement files
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