Question

After field work audit procedures are completed, a partner of the CPA firm who has not been involved in the audit performs a second or wrap-up review of the working papers. This second review usually focuses on

a. The audit report, financial statements, and footnotes for consistency.
b. Irregularities involving the client's management and its employees.
c. The materiality of the adjusting entries proposed by the audit staff.
d. The communication of internal control weaknesses to those charged with governance.

Answer 1

The partner of a CPA firm performs a second review of the working papers, focusing on the audit report, financial statements, and footnotes for consistency.

Step-by-step explanation:

The partner of a CPA firm who has not been involved in the audit performs a second or wrap-up review of the working papers after the field work audit procedures are completed. This review usually focuses on the audit report, financial statements, and footnotes for consistency.