Select the proper reply as to the allowable
form of the understanding with a client when
an audit is being performed.
a. While preferably written, it may be
oral; but in all cases it should be
documented in the working papers.
b. While preferably written, it may be oral,
in which case it need not be documented
in the working papers.
c. The understanding may be in any form,
such as oral or written.
d. The understanding must be obtained in
written form and included in the working
papers.
form of the understanding with a client when
an audit is being performed.
a. While preferably written, it may be
oral; but in all cases it should be
documented in the working papers.
b. While preferably written, it may be oral,
in which case it need not be documented
in the working papers.
c. The understanding may be in any form,
such as oral or written.
d. The understanding must be obtained in
written form and included in the working
papers.