Audit Working Papers Would Include Which of the Following

question 15

Multiple Choice

Audit working papers would include which of the following?

• A) Records of accounting and auditing procedures and tests performed.
• B) Engagement letters.
• C) A collection of IRS rulings related to auditing in general.
• D) Accountant fees accrued for the year from all accounts.

---

Definitions:

Limited Liability Partnership

A partnership arrangement that limits the liability of its partners for the debts of the partnership, such that no partner is responsible for the misconduct or negligence of another.

Negligently Provides

The act of failing to provide a standard level of care or service, often resulting in harm or loss.

Personal Assets

Assets owned by an individual, including but not limited to real estate, bank accounts, investments, and personal property.

Res Judicata

A legal principle that prevents the same issue from being litigated again between the same parties once it has been judged on its merits.