Question: Current Attempt in Progress Jennifer Daoust is readingthe documents prepared by the members of the team working on the audit of receivables for a large

Current Attempt in Progress Jennifer Daoust is
Current Attempt in Progress Jennifer Daoust is readingthe documents prepared by the members of the team working on the audit of receivables for a large client. Jennifer is the senior manager assisting the engagement partner, Ruby Rogers. Jennifer and Ruby have worked together on many audits and Jennifer knows the types of questions that Rubywill ask about the working papers if they are not up to the standard required by CA5 230. Jennifer is tryingto make sure that all documents are up to the required standard before Ru by sees them tomorrow. Jennifer is particularly concerned about the documents relatingto the receivable conrmations.This is because the audit assistant who wrote up the conrmation results said that no further work was required. On reviewofthe results. Jennifer discovered that the audit assistant had incorrectly treated "no reply" results as acceptable for a positive conrmation, when they are acceptable onlyfor a negative conrmation. Jennifer had ordered further work be done to follow up these "no reply\" results. Which of the following are true? Because conrmations were sent, no further work is needed. Jennifer must ensure the audit documentation provides sufcient appropriate evidence to support the auditor's report. The confirmations provide strong evidence for the valuation assertion for accounts receivable. I'lllllll The audit documentation should show who performed the audit work and the date the work was done. as well as who reviewed the audit work performed and the date and extent of such review. |_| Documentation should be detailed enough so that another experienced auditor can understand the workdone and the results obtained. ll Itwould have been better if negative conrmations had been sent. because then a response is always requested. ll Jennifer's review should showthat the decision to take no further action is not appropriate

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