Select the right answer<\/p>
<\/p>
Regarding the auditor's reasoning process about an account balance, the auditor should:<\/p>
A. Simply state aconclusion because anything else would lead to second-guessing by anotherauditor or a lawyer.<\/p>
B. Identify all of theelements of the reasoning process and document them in a memo<\/p>
C. Assure that auditdocumentation, by itself, is sufficient to support the auditor's opinionwithout an explicit description of the reasoning process; that is, the evidencecan stand on its own<\/p>
D. Be limited toanalysis made by the partner in charge of the engagement<\/p>", "transcribed_text": "", "related_book": { "title": "Accounting What the Numbers Mean", "isbn": "978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062", "edition": "9th Edition", "authors": "David H. Marshall, Wayne W. McManus, Daniel F. Viele, ", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/98.jpg", "uri": "\/textbooks\/accounting-what-the-numbers-mean-9th-edition-98", "see_more_uri": "" }, "free_related_book": { "isbn": "0312173067", "uri": "\/textbooks\/the-economic-laws-of-scientific-research-1st-edition-0312173067-227641", "name": "The Economic Laws Of Scientific Research", "edition": "1st Edition" }, "question_posted": "2024-06-14 18:18:19", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/selected-yearend-financial-statements-of-overton-corporation-follow-all-sales", "description": "Selected year-end financial statements of Overton Corporation follow. 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