In workpapers, the main reason for documenting the source of data received, as well as...

60.1K

Verified Solution

Question

Accounting

image
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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students