Question: Question 3: (25 marks) A. Audit working papers are the property of the auditors, who may distort the papers, sell them, or give them to

Question 3: (25 marks) A. Audit working papers

Question 3: (25 marks) A. Audit working papers are the property of the auditors, who may distort the papers, sell them, or give them to third part. Is this statement true or false? Justify with your explanation. (5 marks) B. List several rules to be observed in the preparation of working papers that reflect current professional practice. (10 marks) C. Analytical procedures are extremely useful through the audit process. Explain how analytical procedures are useful in the risk assessment stage of audit ad the substantive procedure stage of audit. (10 marks)

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