At the front of every audit file is the client's _______ supporting the financial statements.
A)trial balance
B)prior year audit file
C)key performance indicators
D)relevant assertions

Question

Quizplus · Accepted Answer

The trial balance provides a summary of all the transactions that have been recorded in the client's general ledger and is used as the basis for preparing the financial statements. Therefore, it is essential and typically placed at the front of every audit file. Prior year audit files, key performance indicators, and relevant assertions may also be included in the audit file, but they would not be the primary document supporting the financial statements.

At the Front of Every Audit File Is the Client's