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CMA Intermediate · Corporate Accounting and Auditing · Audit Engagement, Audit Program, Audit Documentation and Audit Evidence

An engagement letter under SA 210 for a company audit may, when relevant, include which of the following relating to audit working papers?

The engagement letter may mention any obligations to provide audit working papers to other parties. SA 210 lists this among the points that can be included when relevant, along with arrangements for experts, internal auditors, predecessor auditors and any restriction of liability.

  1. AAny obligations to provide audit working papers to other partiesCorrect
  2. BA statement that working papers belong to the client's management
  3. CA promise to destroy working papers after one year
  4. DA clause allowing management to edit working papers

Explanation

SA 210 lists, among points that may be made in the engagement letter when relevant, any obligations to provide audit working papers to other parties. The other options contradict retention and ownership principles for auditor documentation.

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