OpenTuition | ACCA | CIMA

Free ACCA and CIMA on line courses | Free ACCA, CIMA, FIA Notes, Lectures, Tests and Forums

working paper

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › working paper

  • This topic has 1 reply, 2 voices, and was last updated 1 month ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 20, 2020 at 10:50 am #586235
    adarsh1997

    Hello.

    “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.

    Thanks

    September 20, 2020 at 11:35 am #586241
    Kim Smith
    Keymaster

    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!)

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.