Reference no: EM132725616

Problem 1: Which of the following is usually included or shown in the auditor's working papers?

a. The procedures used by the auditor to verify the personal financial status of members of the client's management team

b. Analyses that are designed to be a part of, or a substitute for, the client's accounting records

c. Excerpts from authoritative pronouncements that support the underlying generally accepted accounting principles used in preparing the financial statements

d. The manner in which exceptions and unusual matters disclosed by the auditor's procedures were resolved or treated

Problem 2:  The form and content of working papers are affected by matters such as the:

I. Nature of the engagement

II. Form of the auditor's report

III. Nature and complexity of the business

IV. Nature and condition of the entity's accounting and internal control systems

V. Needs in the particular circumstances for direction, supervision and review of work performed by assistants

VI. Specific audit methodology and technology used in the course of the audit.

a. All of the above

b. I, II and III only

c. All except V and VI

d. All except VI