Which one of the following is NOT one of the three main reasons why it is essential that working papers be thoroughly reviewed by another member of the audit firm at the completion of the audit?
A) To evaluate the accuracy of the auditing firm's time budget for the engagement
B) To counteract the bias that frequently enters into the auditor's judgement
C) To make sure that the audit meets the firm's standard of performance
D) To evaluate the performance of inexperienced personnel

Question

Quizplus · Accepted Answer

Reviewing working papers at the completion of the audit is not primarily done to evaluate the accuracy of the time budget. The main reasons include ensuring the audit meets the firm's standards, counteracting bias, and evaluating the performance of inexperienced personnel.

Which One of the Following Is NOT One of the Three