Cross-referencing: 1. Is equivalent to the PCAOB management assertion of completeness. 2. Makes it easier for the reader to follow an auditor's workpapers. 3. Refers to the tick marks used in workpapers.
Cross-referencing: 1. Is equivalent to the PCAOB management assertion of completeness. 2. Makes it easier for the reader to follow an auditor's workpapers. 3. Refers to the tick marks used in workpapers.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Question 13
Cross-referencing:
1. Is equivalent to the PCAOB management assertion of completeness.
2. Makes it easier for the reader to follow an auditor's workpapers.
3. Refers to the tick marks used in workpapers.
4. All of the above.
O 4
O 3
O 2
O 1
Expert Solution
Step 1
Cross referencing is a function which is performed while completing the audit documentation of an audit process. Audit documentation plays the most important part of the auditing process.
It includes various types of documents like audit working papers, evidences, confirmations, etc. The audit report of a firm includes all these documentations as an audit evidences.
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