Which of the following is a documentation requirement that an auditor should follow when auditing in accordance with Government Auditing Standards?
- The auditor should obtain written representations from management acknowledging responsibility for correcting instances of fraud, abuse, and waste.
- The auditor’s working papers should contain sufficient information so that supplementary oral explanations are not required.
- The auditor should document the procedures that assure discovery of all illegal acts and contingent liabilities resulting from noncompliance.
- The auditor’s working papers should contain a caveat that all instances of material misstatements and fraud may not be identified.