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Audit Documentation and Procedures Quiz
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Audit Documentation and Procedures Quiz

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Questions and Answers

What is the main purpose of Audit documentation?

  • Assisting in the planning and performance of the audit (correct)
  • Retaining a record of matters of continuing significance to future audits
  • Enabling the conduct of quality control reviews and inspections
  • Providing evidence for legal and regulatory requirements
  • What does Audit documentation provide evidence of?

  • The achievement of overall objectives of the auditor (correct)
  • The auditor's independence
  • The legal and regulatory requirements
  • The basis for conclusion about the audit
  • Which is one of the purposes of Audit documentation according to the text?

  • Enabling conduct of marketing research and analysis
  • Assisting ET to direct and supervise audit work (correct)
  • Serving as a source of legal evidence for disputes
  • Providing evidence for internal policy compliance only
  • What is the nature of Audit documentation according to the text?

    <p>It provides evidence that audit was planned and performed in accordance with standards</p> Signup and view all the answers

    Which statement best describes the objective of auditor in preparing documentation?

    <p>To provide a comprehensive record of all audit procedures performed</p> Signup and view all the answers

    What is included in Audit documentation according to the text?

    <p>Letters of confirmation and representation</p> Signup and view all the answers

    Which purpose of Audit documentation involves retaining a record for future audits?

    <p>'Retaining a record of matters of continuing significance to future audits'</p> Signup and view all the answers

    What is one of the objectives achieved by Audit documentation according to the text?

    <p>Assisting engagement team members to direct and supervise audit work</p> Signup and view all the answers

    Which statement best describes the purpose of Audit documentation?

    <p>To be used in planning, performing, directing, supervising and reviewing the audit</p> Signup and view all the answers

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