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Q-6 State the following statement is correct or incorrect (2 Marks each) 1. Working papers are property of client, as it contains clients information. 2.
Q-6 State the following statement is correct or incorrect (2 Marks each) 1. Working papers are property of client, as it contains clients information. 2. Extracts and copies of important legal documents, agreements and minutes relevant to the audit is part of current audit file. 3. "examination in depth" implies that the auditor vouches almost all transactions in a manner that the chances of not checking any transactions are left at minimum. 4. A flow chart is a graphic presentation of each point of the company's system of internal control. 5. Surprise checks are parts of internal check
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