Audit documentation
A)is referred to as working papers or workpapers
B)includes a record of the audit procedures the auditor might choose to perform
C)includes a record of the audit evidence obtained
D)includes a record of the assumptions reached by the auditor from a review of the evidence
E)may not be recorded on paper
F)Both A and B
G)Both A and C

Question

Quizplus · Accepted Answer

Audit documentation, also known as working papers or workpapers, includes a record of the audit evidence obtained. It serves as a means of documenting the auditor's planning, execution, and reporting of the audit. Therefore, options A and C are correct. Options B and D are partially correct as they are also part of audit documentation. However, they do not fully represent audit documentation as they do not cover all the details of the audit. Option E is incorrect as audit documentation is always recorded on paper or electronically.

Audit Documentation