Asked by
Casey L. Ratliff
on Dec 18, 2024
Verified
The accountant is the legal owner of working papers after an audit.
Legal Owner
A legal owner is the individual or entity that holds legal title to property, having the right to control and dispose of it under the law.
Working Papers
The various documents used and developed during an audit, including notes, calculations, copies, memorandums, and other papers constituting the accountant’s work product.
- Acquire knowledge about the constraints and privileges in the accountant-client relationship.
Verified Answer
KP
Learning Objectives
- Acquire knowledge about the constraints and privileges in the accountant-client relationship.
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