A detailed record of work completed, and evidence gathered in forming the audit opinion ________.
A)is contained in the working papers
B)is referred to as the audit plan
C)should be submitted by the auditor to management for approval
D)is confidential and should not be shared with client personnel

Question

Quizplus · Accepted Answer

The detailed record of work completed, and evidence gathered in forming the audit opinion is contained in the working papers. These working papers are used to support the auditor's findings and conclusions, and are considered confidential and the property of the auditor's firm. They should not be shared with client personnel without the auditor's consent. The audit plan, on the other hand, is a document outlining the scope and objectives of the audit, and the procedures that will be performed to achieve these objectives. It does not contain the detailed record of work completed and evidence gathered. The auditor is not required to submit the working papers to management for approval, although they may be reviewed during the audit process.

A Detailed Record of Work Completed, and Evidence Gathered in Forming