Audit documentation
A)is referred to as an electronic file
B)includes a record of the audit procedures performed
C)includes a record of the audit file obtained
D)includes a record of the assumptions reached by the auditor from a review of the evidence
E)may be recorded on paper or in electronic form
F)both A and C
G)both B and E

Question

Quizplus · Accepted Answer

Audit documentation includes a record of the audit procedures performed and may be recorded on paper or in electronic form. It does not include a record of the assumptions reached by the auditor from a review of the evidence. While audit documentation may be recorded electronically, it is not exclusively referred to as an electronic file. Additionally, while audit files obtained may be included in the documentation, this is not the only component. Therefore, the best choice is G, as it accurately identifies the two components of audit documentation.

Audit Documentation