Reference no: EM132690953

Problem 1: During final review of working papers and financial? statements, possible oversights in the audit can be identified by

A. conducting a closing interview with management of the client.
B. the? partner's knowledge of the? client's business combined with effective analytical procedures.
C. reviewing the minutes from the board meetings.
D. conducting a meeting with the audit team.

Problem 2: The audit working papers serve as a record of the evidence accumulated and the results of the audit tests. This helps to demonstrate that the audit was

A. completed using Canadian generally accepted accounting principles.
B. conducted in accordance with Canadian generally accepted auditing standards.
C. organized effectively with no mistakes in calculations.
D. kept properly? confidential; information was held secure.