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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 781 |
Essay's paper body
The workpapers would be able to be re-performed and conclusions should be supported by them. The workpapers are the auditor’s property but the auditor cannot show them to whomever they want only certain parties.
b. In 2000, there was no rule on how long work papers needed to be kept. Work papers are owned by the client and auditors have the responsibility to preserve the work papers for 7 year...
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In 2000, there was no rule on how long work papers needed to be kept. Work papers are owned by the client and auditors have the responsibility to preserve the work papers for 7 year. (typically 2 years on site and 5 years offsite)
5. Identify scope of the audit function, retain adequate and accurate work papers, face aggressive clients with accounting issues, and eliminate providing service to the client that will be ultimately audited
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