Which of the following characteristics is most important in assuring the achievement of the primary purpose of working papers? Group of answer choices Working papers must provide sufficient, competent, and useful information to support the audit report. Working papers must be of standard format and standard content. Working papers must be properly indexed and cross-referenced to the draft of audit report. Working papers must be arranged in logical order following the audit program sequence.

Which of the following characteristics is most important in assuring the achievement of the primary purpose of working papers? Group of answer choices Working papers must provide sufficient, competent, and useful information to support the audit report. Working papers must be of standard format and standard content. Working papers must be properly indexed and cross-referenced to the draft of audit report. Working papers must be arranged in logical order following the audit program sequence.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 23RQSC

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Q1. Based on Sarbanes-Oxley, who is ultimately responsible for the independence of the external auditor? (In your response, identify all of the requirements placed upon the Audit Committee by Sarbanes-Oxley, and why you think the Act placed these responsibilities with this group). Q2. Which of the following is an example of the appropriate implementation of a system of quality control? (in your response, describe the purpose of a system of quality control for an audit firm, and what the six elements of quality control are).
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