Reference no: EM132725619

Problem 1: Which of the following is not generally included in the working papers file?

a. An indication as to who performed the audit procedures and when they were performed

b. Documentation of the auditor's understanding of the accounting and internal control systems

c. Copy of the internal audit's audit program

d. Analyses of significant ratios and trends

Problem 2:  Although the quantity and content of audit working papers vary with each particular engagement, an auditor's permanent files most likely include

a. Schedules that support the current year's adjusting entries

b. Prior years' accounts receivable confirmations that were classified as exceptions

c. Documentation indicating that the audit work was adequately planned and supervised

d. Analyses of capital stock and other owners' equity accounts