The Manager's Review of the Working Papers Is Not Designed

question 41

Multiple Choice

The manager's review of the working papers is not designed to obtain assurance that:

• A) the judgements exercised by subordinates were reasonable and appropriate in the circumstances.
• B) the work done by subordinates has been completed in a cost effective manner.
• C) the working papers support the auditor's opinion.
• D) all significant accounting, auditing, and reporting questions raised during the examination have been properly resolved.

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Definitions:

Money Orders

Money orders are a method of payment that allows individuals to transfer or send pre-specified amounts of money securely, often used as an alternative to checks or cash.

Control Activity

Actions, policies, or procedures that are part of an entity's internal control system designed to ensure operational effectiveness and financial reporting accuracy.

Surprise Audits

Unscheduled audits not known in advance by the entity being audited, used to ensure accuracy and compliance with financial policies and regulations.

Designated Personnel

Specific employees or staff members who have been assigned a particular task, responsibility, or position within an organization.