Question
A CPA prepares working papers in an audit of an entity that receives federal financial assistance. Which of the following statements is true with regard
A CPA prepares ‘working papers’ in an audit of an entity that receives federal financial assistance. Which of the following statements is true with regard to such ‘working papers’?
a. There is no specific standard requiring working papers.
b. The AICPA has no specific standard requiring working papers, but the GAO standards require working papers
c. The AICPA and the GAO standards concerning working papers are the same.
d. The GAO standards concerning working papers are more rigorous than the AICPA standards
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a There is no specific standard requiring working papers Th...
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
