Question

Which of the following is not an advantage of the preparation of working paper?

• A. To provide a basis for review of audit work
• B. To provide a basis for subsequent audits
• C. To ensure audit work is being carried out as per programme
• D. To provide a guide for advising another client on similar issues

Answer 1

Answer: (D)

To provide a guide for advising another client on similar issues

A part of auditor's working papers can be made available to client if required; however it is to be retained by auditor only. It can not to be used as a guidance for any similar issues of another client since they are strictly client-specific and very confidential.