MCQOPTIONS
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| 1. |
Which of the following statement is true regarding an auditor’s working papers? |
| A. | They document the level of independence maintained by the auditor |
| B. | They should be considered as the principle support for the auditor’s report |
| C. | They should not contain details regarding weaknesses in the internal control system |
| D. | They help the auditor to monitor the effectiveness of the audit firm’s quality control |
| Answer» C. They should not contain details regarding weaknesses in the internal control system | |