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What the auditor should

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Reference no: EM132783276

Problem 1:  Regarding the auditor's reasoning process about an account balance, the auditor should:

A. Simply state a conclusion because anything else would lead to second-guessing by another auditor or a lawyer.

B. Identify all of the elements of the reasoning process and document them in a memo

C. Assure that audit documentation, by itself, is sufficient to support the auditor's opinion without an explicit description of the reasoning process; that is, the evidence can stand on its own

D. Be limited to analysis made by the partner in charge of the engagement

Reference no: EM132783276

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