Working Papers Used by the Auditor That Record the Procedures

question 89

Multiple Choice

Working papers used by the auditor that record the procedures used to gather evidence should be:

• A)Considered the primary support for the financial statements being examined.
• B)Viewed as the connecting link between the books of account and the financial statements.
• C)Designed to meet the circumstances of the particular engagement.
• D)Destroyed when the audited entity ceases to be a client.

---

Definitions:

Managers

Individuals responsible for directing and overseeing the work of a group of people in an organization.

Performance

The act of carrying out or accomplishing tasks and duties, often measured against a set of standards or goals.

Performance Management

A systematic process by which an organization involves its employees in improving organizational effectiveness and achieving company objectives through a framework that includes goal setting, feedback, and performance evaluation.

Activities and Outputs

Refers to the tasks performed and the results achieved or produced in a work or project environment.