9 Questions
The objective of the auditor is to prepare documentation that provides a record of audit procedures performed, relevant audit evidence obtained, and conclusions reached.
True
Audit documentation provides evidence of the auditor's basis for conclusion about the achievement of overall objectives of the auditor.
True
Assisting members of ET to direct and supervise audit work is not one of the purposes of audit documentation.
False
Enabling conduct of quality control reviews and inspections is not a purpose of audit documentation as per the text.
False
Correspondence (including e-mail) concerning significant matters is not included in audit documentation as per the text.
False
The nature of audit documentation includes letters of confirmation and representation.
True
The objective of auditor is to prepare documentation that provides only a record of audit procedures performed.
False
The purpose of audit documentation is to assist only the auditor in planning and performing the audit.
False
Retaining a record of matters of continuing significance to future audits is one of the purposes of audit documentation.
True
Study Notes
Objectives and Purposes of Audit Documentation
- The objective of the auditor is to prepare documentation that provides a record of audit procedures performed, relevant audit evidence obtained, and conclusions reached.
Purposes of Audit Documentation
- Provides evidence of the auditor's basis for conclusion about the achievement of overall objectives of the auditor.
- Enables conduct of quality control reviews and inspections.
- Retaining a record of matters of continuing significance to future audits.
Nature of Audit Documentation
- Includes letters of confirmation and representation.
Exclusions from Audit Documentation
- Does not assist members of ET to direct and supervise audit work.
- Does not include correspondence (including e-mail) concerning significant matters.
- Does not only assist the auditor in planning and performing the audit.
Test your knowledge of audit documentation and auditor's objectives with this quiz. Explore topics such as audit programmes, relevant evidence, and conclusions reached by the auditor. This quiz covers important aspects of preparing sufficient and appropriate records for the basis of the auditor’s report.
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