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 make sure that the audit meets the firm's standard of performance
B) to evaluate the performance of inexperienced personnel
C) to evaluate the accuracy of the auditing firm's time budget for the engagement
D) to counteract the bias that frequently enters into the auditor's judgement

Question

Quizplus · Accepted Answer

The three main reasons why it is essential that working papers be thoroughly reviewed by another member of the audit firm are to make sure that the audit meets the firm's standard of performance, to evaluate the performance of inexperienced personnel, and to counteract the bias that frequently enters into the auditor's judgement. However, evaluating the accuracy of the auditing firm's time budget for the engagement is not one of the main reasons for reviewing working papers.

Which One of the Following Is NOT One of the Three