When Preparing Audit Working Papers, the Auditor Should Remember That

question 33

Multiple Choice

When preparing audit working papers, the auditor should remember that working papers should be:

• A) kept on the client's premises so that the client can have access to them for reference purposes.
• B) the primary support for the financial report being audited.
• C) considered as a part of the client's accounting records that are retained by the auditor.
• D) designed to meet the circumstances and the auditor's needs on each engagement.

---

Definitions:

Terminal Bud

A growth located at the tip of a stem or branch, where new leaves and flowers can develop.

Zone of Cell Division

An area in plant roots or shoots where cells are actively dividing, contributing to growth in length.

Shoot Tip

The apex of the shoot of a plant, containing the apical meristem responsible for the plant's growth in length.

Pressure-flow Model

A hypothesis that explains how phloem sap (sucrose and other substances) moves through a plant from a source (where it's produced or stored) to a sink (where it's used or stored).