Question: What type of working papers can be prepared by the client and used by the auditor as a part of the working-paper file? When client

What type of working papers can be prepared by the client and used by the auditor as a part of the working-paper file? When client assistance is obtained in preparing working papers, describe the proper precautions the auditor should take.

Step by Step Solution

★★★★★

3.34 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The client can prepare any type of working paper for the auditor that he or she is competent to prep... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

687-B-A-A-A-N (4267).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

the room. d. Brown was in the defendant's office for five hours; the previous plaintiff was in the defendant's office for three hours. Exercise 2-B Analogize or distinguish the following facts and...

You are the manager in the audit of Vernal Manufacturing Company and are turning your attention to the income statement accounts. The in-charge auditor assessed control risk for all cycles as low,...

The following equipment schedule was prepared by the client and audited by Sam Staff, an audit assistant, during the calendar-year 2001 audit of Roberta Enterprises, a continuing audit client. As...

The following equipment schedule was prepared by the client and audited by Sam Staff, an audit assistant, during the calendar year 2011 audit of Roberta Enterprises, a continuing audit client. As...

Part 1 of 1 - Topic 6, 7, 8 & 9 Question 1 of 2 1.0 Points (51 Marks) TOPICS 6, 7,8 & 9 Pumps (Pty) Ltd manufactures of water pumps. You are the senior manager internal audit responsible for...

1. Going concern is a fundamental principle in the preparation of financial statements. Which of the following statements regarding the assessment of going concern is true? a) The period of...

1.Going concern is a fundamental principle in the preparation of financial statements. Which of the following statements regarding the assessment of going concern is true? a) The period of...

1. Going concern is a fundamental principle in the preparation of financial statements. Which of the following statements regarding the assessment of going concern is true? a) The period of...

You are an auditor involved for the audit of Ajax Inc for their December 31, 2021 audit. Your firm has audited Ajax Inc for the past three years. You have various conversations with the audit partner...

I would like assistance with assignment 3 and 4 on the attached document I have been struggling with the subject and its my last AUI4863/102/0/2016 Tutorial letter 102/0/2016 ADVANCED INTERNAL AUDIT...

This assignment is expected to take you the following time: Internet research ? 3 hours Industry analysis ? 2 hours Completing the checklist ? 1hour Preliminary analysis ? 2 hours You are being asked...

Convert the following line-bond structures into molecularformulas: CH CH- (a) (b) . Hi H. c=C Vitamin C Aspirin (acetylsalicylic acid) (ascorbic acid) (c) H. - (d) H~ CH c-o H. . HOI I H H OH...

Indicate the most and the least stable carbanion of the following: OH 0N -F NO ON. || OH -F The most stable carbanion is: Choose... The least stable carbanion is: Choose... ON ||| 46 OH -F

Strontium - 9 0 has a half - life of 2 8 days. ( a ) A sample has a mass of 5 0 mg initially. Find s formals for the manas remairation after t days. ( b ) Find the mass remaining after 4 0 days. ( c...

Salon Hair is a retail chain specializing in salon-quality hair-care products. During the year, Salon Hair had sales of $38,850,000. The company began the year with $3,500,000 of merchandise...

The consolidated financial statements of General Electric (GE) include the results of General Electric Capital Services (GECS) , its 100%-owned financial services subsidiary. Some investors think the...

What role should employees, in general, play in the development of performance metrics? Why is this role important?

Performance measurement for logistics managers is relatively recent. Their focus was previously directed toward other managerial activities. Do you agree or disagree with these statements? Explain...

Neil Webster is the sole proprietor of Prestigious Pugs, a business specializing in the sale of high-end pet gifts and accessories. Prestigious Pugs' sales totaled $1,105,000 during the most recent...

Behavioral economists have found that firms favor projects with opportunity costs over projects with out-of-pocket expenditures. Might there be an economic basis for that bias (beyond the claim that...

List five examples of specific operational audits that can be conducted by an internal auditor in a manufacturing company.

The list below indicates various audit, attestation, and assurance engagements involving auditors. 1. A report on the effectiveness of internal control over financial reporting as required by Section...

Consumers Union is a nonprofit organization that provides information and counsel on consumer goods and services. A major part of its function is the testing of different brands of consumer products...

Please attempt to answer all correctly. Thanks MMII and the effect of taxes Debt financing has one important advantage that the early MM propositions ignored: interest on debt is tax deductible. The...

The following data represent the recent sales price(in $1,000s) of 24 homes in a Midwestern City 208 123 143 175 219 119 196 224 262 116 228 224 203 149 123 164 158 143 161 260 147 242 145 230...

Your property tax bill shows an Assessed Value of $ 1 , 2 5 0 , 0 0 0 and an Assessment Ratio of 7 0 % , what is the Appraised Value of your investment property ( rounded to the nearest dollar ) ? A:...