The largest portion of the auditor's working papers is the:
A) adjusting and reclassification entries.
B) working trial balance.
C) lead schedules.
D) supporting schedules.

Question

Quizplus · Accepted Answer

The largest portion of the auditor's working papers is the supporting schedules, which provide detailed information supporting the financial statements and the auditor's opinions. These may include items such as bank reconciliations, accounts payable and receivable aging reports, inventory listings, and other detailed analyses. The other options, such as adjusting and reclassification entries, working trial balance, and lead schedules, are all important parts of the audit working papers, but they are typically not as extensive as the supporting schedules.

The Largest Portion of the Auditor's Working Papers Is The