alleryStart learning →Who owns the audit working papers?
AThe client
BThe auditor
CThe regulator
DThe tax officer
Answer & Solution
Correct answer: B. The auditor
Working papers are the property of the auditor, subject to confidentiality duties.
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Related questions
Control risk is higher where what is poorly defined?The amended 2020 IASB materiality definition added which word to omitting and misstating?Planning materiality must be set when, according to ISA 320?Why might a small misstatement still be material?When is materiality reassessed in practice before the report is issued?How is audit risk related to the materiality level set?Audit work after a hard close, covering the remaining months, is called what?Effective internal controls do what to the substantive work needed?