audit working papers are the property of

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Describe a situation in which a. In order to keep professional ethic it cannot reveal to third parties without client.

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Solved Answer of MCQ Audit working papers are the property of.

. Audit working papers are the property of the auditor. The audit working papers are the property of the auditor. So they are his property.

This page was developed to provide auditors from around the world the opportunity to share what they consider to be project standard electronic audit work papers. Objectives of Audit Working Papers. From the above discussion it is clear that working papers are owned by the auditor even though they comprise.

Although the client may claim them as a record of his business matters the auditor cannot. Working papers are the property of the auditor and some states have statutes that designate the auditor as the owner of the working papers. According to SAS 41 working papers are the records the auditor keeps of the procedures the tests performed the information obtained and the pertinent conclusions reached in the.

The auditors rights of ownership however are. No client cannot demand custody of such working papers. In order to keep professional ethic it cannot reveal to third parties without client consent unless limited specified situations mentioned in.

The purpose of audit working papers is to prepare written record as a proof of audit work done. Audit Working Papers Definition. In order to keep professional ethic the auditor cannot reveal to third parties without.

Justify with your explanation. In order to keep professional ethic it cannot discover to third party without consent of the client unless limited specified. Papers relating to accountancy work will normally be the property of the client although this will depend on the.

Audit staff keeps audit working papers. Thus the audit working papers are the property of auditor and not of the client. Audit working papers are the property of the auditor.

Is this statement true or false. Audit working papers are the property of the auditors who may distort the papers sell them or give them to a third party. Audit working papers refer to the document in which the auditor writes facts data analysis of accounts while performing an audit of the enterprise.

- a Client - b Accountant - c Auditor - d Registrar of companies - Advance Accounting and Auditing Multiple Choice. Solution Verified by Toppr Correct option is B Audit working papers are the property of the auditor. Audit working papers are the property of.

Client Accountant Auditor Registrar of. These electronic forms or. Working papers are the property of the auditor.

2504 Answers Answer AFalse Audit working papers are the property of the auditor. - MCQ - MCQtimes Financial Accounting Question. Audit working papers are the property of.

The auditor may on his discretion make portions of. Audit working papers are the property of the auditors who may destroy the papers sell them or give them away Criticize this quotation. The working papers are the matters documented by the auditor.

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