“The audit partner will review all working papers on the audit file before issuing an opinion”
1. In the kaplan kit, the above statement is false. 2.Could you explain why? -It’s the audit partner who signs the report and therefore should review all working paper.
Because the audit partner will not review ALL working papers/audit documentation. The audit manager will leave a schedule of “points for partner” to draw attention to specific matters. Of course the partner could in theory review ALL but that would not be an efficient use of his time (which will be charged to the client!)