The working papers are
A)the property of the client.
B)prepared by the client's internal auditors.
C)the primary means of documenting that an adequate audit was conducted in accordance with GAAS.
D)used primarily as a basis for the partners to review and reward the work of the managers,seniors,and staff.

Question

Quizplus · Accepted Answer

Working papers are the primary means of documenting that an adequate audit was conducted in accordance with Generally Accepted Auditing Standards (GAAS). The purpose of working papers is to provide evidence that supports the auditor's opinion and conclusions. They are not the property of the client or used as a basis for the partners to review and reward the work of the audit team. While internal auditors may also prepare working papers, they are typically prepared by the external auditors who are conducting the audit.

The Working Papers Are