The working papers which auditor prepares for financial statements audit are___________?
AOwned by the client
BRetained in auditor’s office until a change in auditors
COwned by the auditor
DEvidence for audit conclusions
Correct answer
C. Owned by the auditor
Explanation
Owned by the auditor is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.