Question: While reviewing the long-term debt work papers, neither Madison nor Alanis discovered the critical error Blackwell had made when testing Le Prix's compliance with its

While reviewing the long-term debt work papers, neither Madison nor Alanis discovered the critical error Blackwell had made when testing Le Prix's compliance with its debt covenants. What auditing standards, if any, dictate that audit work papers be reviewed by senior members of an audit team? What is the overall nature and purpose of the audit work paper review process and how thorough or detailed should work papers be reviewed?

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