The auditor normally considers both underlying accounting records and corroborating information in the audit process.Underlying accounting records do not include which of the following items?
A)Evidence of controls.
B)Minutes of meetings.
C)Checks,invoices,and contracts.
D)General and subsidiary ledgers.

Question

Quizplus · Accepted Answer

Minutes of meetings are not considered as underlying accounting records. They may be considered as corroborating information if they provide evidence of management's decisions or actions that impact the financial statements. The other options (A, C, and D) are all examples of underlying accounting records that the auditor would typically review during an audit.

The Auditor Normally Considers Both Underlying Accounting Records and Corroborating