An auditor ordinarily uses a working trial balance resembling the financial statements without footnotes, but containing columns for:

Question

Quizplus · Accepted Answer

Choice "C" is correct. The working trial balance generally contains a column for adjustments and reclassifications. Choice "A" is incorrect. The working trial balance does not ordinarily contain information about cash flows. Choice "B" is incorrect. Audit objectives and assertions are contained in the audit plan, which is generally kept separate from the working trial balance. Choice "D" is incorrect. Reconciliations and tickmarks are found in other parts of the audit documentation.

An Auditor Ordinarily Uses a Working Trial Balance Resembling the Financial