Which of the following items would most likely be kept in the permanent file?
A) A signed and completed bank confirmation.
B) The signed engagement letter.
C) Minutes from a special committee meeting outlining the auditee's response to major regulatory changes.
D) The audit plan and specific audit programs.
Correct Answer:
Verified
Q21: For new clients,the auditor can obtain knowledge
Q22: There are two kinds of audit programs:
Q23: Control tests give direct evidence about the
Q24: A combination of evidence gathering techniques provides
Q25: The audit technique of inquiry has advantages
Q27: A first audit requires more work than
Q28: The auditor is the legal owner of
Q29: Reading the terms of the lease agreement
Q30: Prior year audit working papers may indicate
Q31: Destroying working papers may prevent auditors from
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