• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! Lectures for ACCA AAA September 2022 Exams are now available >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

reviewing of working papers

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › reviewing of working papers

  • This topic has 3 replies, 2 voices, and was last updated 10 months ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • August 12, 2021 at 10:19 am #631314
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    The audit engagement partner will review all working papers on the audit file before issuing an opinion. Ans: false

    maam could you explain why the answer to this is false?

    August 12, 2021 at 10:43 am #631319
    Kim Smith
    Keymaster
    • Topics: 88
    • Replies: 6097
    • ☆☆☆☆☆

    Because the partner does not review ALL.

    August 12, 2021 at 10:57 am #631323
    Noah098
    • Topics: 936
    • Replies: 352
    • ☆☆☆☆☆

    as in? isnt he the responsible person for entire engagement?

    August 12, 2021 at 11:06 am #631326
    Kim Smith
    Keymaster
    • Topics: 88
    • Replies: 6097
    • ☆☆☆☆☆

    But the senior reviews the juniors’ work and the manager reviews the seniors’ work …. the audit partner’s time is charged out at hundreds of $s an hour! Is it a good use of his time that he reviews the bank rec? Or a schedule of additions to non-current assets? Or results of NRC tests? (Answer NO)

    The manager will prepare for the partner a schedule of “outstanding points for partner” – this will draw attention to things that demand the partner’s attention – like the schedule of uncorrected misstatements.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • nojwwnolife on The nature and structure of organisations – ACCA Paper BT
  • John Moffat on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • ben920331 on Discounted Cash Flow Further Aspects, Lease versus Buy – ACCA Financial Management (FM)
  • John Moffat on The Statement of Financial Position and Income Statement (part d)
  • Viktoriia.Yanchuk on The Statement of Financial Position and Income Statement (part d)

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy