Management documentation should include all of the following except:
A) Documentation regarding the auditor's evaluation of internal controls.
B) Documentation regarding management's testing and evaluation of the controls.
C) Documentation regarding the safeguarding of assets.
D) Documentation on the controls designed in all five components of internal control.

Question

Quizplus · Accepted Answer

Management documentation should not include the auditor's evaluation of internal controls, as this is the responsibility of the auditor, not management. Management's documentation should focus on their own testing, evaluation, and design of internal controls.

Management Documentation Should Include All of the Following Except