In workpapers, the main reason for documenting the source of data received, as well as...
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Accounting
In workpapers, the main reason for documenting the source of data received, as well as any criteria used, is to: Enable reperformance of the test by an independent party. Determine the corrective action owner for any exceptions, if necessary. Overcome client objections to findings by proving that the client provided the data. Demonstrate to a reviewer, like the audit manager, that due professional care was taken in the performance of the test
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