Accountants must surrender possession of working papers relating to an audit or review to the party for whom the work was performed.

Name: Accountants must surrender possession of working papers relating to an audit or review to the party for whom the work was performed.
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Question

Accountants must surrender possession of working papers relating to an audit or review to the party for whom the work was performed.​

Quizplus · Accepted Answer

Accountants typically retain ownership of their working papers, as they are considered their own records and documentation of the work performed, unless there is a legal or contractual obligation to surrender them.

Accountants Must Surrender Possession of Working Papers Relating to an Audit