Which of the following factors would least likely affect the quantity and content of an auditor's working papers
Correct answer: D. The content of management representation letter Hire An Accountant
- A. The assessed level of control risk
- B. The possibility of peer review
- C. The nature of auditor's report
- D. The content of management representation letter Hire An Accountant
Explanation
Control risk, the form of the auditor's report, and the possibility of peer review can materially influence audit documentation. The management representation letter is itself a supporting document and is least likely to determine the overall quantity and content of the working papers.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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