Working papers provide all of the following except: A) a means for coordinating the audit. B) the principal support for the financial statements. C) evidence that the audit was made in accordance with GAAS. D) the principal support for the auditor's report. E) a means for supervising the audit.

Question

Quizplus · Accepted Answer

Working papers primarily serve to document the evidence gathered during an audit, support the auditor's conclusions and opinions, and facilitate the planning, performance, and supervision of the audit. They do not serve as the principal support for the financial statements themselves; rather, the financial statements are supported by the underlying accounting records and documentation of the entity being audited.

Working Papers Provide All of the Following except: