Which One of the Following Is Incorrect with Respect to Working

question 89

Multiple Choice

Which one of the following is incorrect with respect to working papers?

• A) They are the property of the client and can be accessed by the client at the conclusion of the audit.
• B) Information contained in them is not legally viewed as privileged information.
• C) They can be viewed by another member of the professional bodies during a peer review.
• D) Ordinarily, they can only be provided to a third party with the express permission of the auditee.

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Definitions:

Goodness of Fit

A statistical analysis to describe how well a model fits a set of observations. It measures the discrepancy between observed and expected values.

Hypothesized Probability Distribution

A specified probability distribution based upon assumptions or theories, prior to analyzing data.

Chi-Square Tests

A statistical test used to determine the significant difference between observed and expected frequencies in one or more categories.

Equality

The state or quality of being identical, equal, or equivalent in value, measure, significance, etc.