Preparation of Work Papers. You are instructing an inexperienced staff accountant on her first auditing assignment. She is to examine an account. An analysis of the account has been prepared by the client for inclusion in the audit working papers. Prepare a list of the comments and notations that the staff accountant should make on the account analysis to provide an adequate working paper as evidence of her examination. (Do not include a description of auditing procedures applicable to the account.)

[Adapted and reprinted with permission from AICPA. Copyright © 2000 & 1985 by American Institute of Ceritified Accountants.]