Good Working Papers Should Have Common Characteristics

question 71

Multiple Choice

Good working papers should have common characteristics. Which one of the following is NOT one of those characteristics?

• A) Inclusion of a written statement in the form of a conclusion
• B) Notations directly on the working paper schedules, explaining the work done
• C) Initialling the preparer's initials on the audit working papers
• D) Noting the client staff member responsible for the particular area under review

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Definitions:

Mathematical Formula

A concise way of expressing information symbolically or a rule for calculating numerical values based on certain mathematical operations.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a high standard deviation indicates greater variability.

Standard Normal Distribution

A normal distribution with a mean of 0 and a standard deviation of 1, used in z-score calculations to determine probabilities.

Normal Distribution

A statistical distribution which is evenly spread around the mean, indicating that occurrences close to the mean are more common than those further away.