Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Accounting    Ask about another Subject  
 
PDA

ljc123
Jun 25, 2009, 02:30 PM
Hi there, I was wondering if someone would provide me with some insight on how to determine "which" accounts require working papers? Do ALL balance sheet accounts require a working paper or is it up to the accountant to determine which ones? ie make a judgement call.
Just wondering if there is a specific rule regarding which accounts need them or is every company different?
thx
codyman144
Jun 26, 2009, 06:31 AM
The working papers need to demonstrate that you have gathered sufficient audit evidence to provide an assertion that the financial statements are free of material misstatement. Given this what do you think? Is this a test or homework question?