Audit documentation (also referred to as working papers) is the written record that forms the basis...
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Audit documentation (also referred to as working papers) is the written record that forms the basis for the auditor's conclusions. Prior-year audit documentation can provide insight into an audit engagement that will be useful in planning the current year audit. Required a) Explain four (4) primary purposes of audit documentation? 8 Marks b) What is the responsibility of the auditor with respect to Ownership, Custody and 5 Marks Confidentiality of the audit working papers? c) What important planning information can an auditor learn when reviewing the prior year audit documentation of a client? 4 Marks d) Explain four (4) factors that an auditor should consider when evaluating the internal audit function of a client? 8 Marks Audit documentation (also referred to as working papers) is the written record that forms the basis for the auditor's conclusions. Prior-year audit documentation can provide insight into an audit engagement that will be useful in planning the current year audit. Required a) Explain four (4) primary purposes of audit documentation? 8 Marks b) What is the responsibility of the auditor with respect to Ownership, Custody and 5 Marks Confidentiality of the audit working papers? c) What important planning information can an auditor learn when reviewing the prior year audit documentation of a client? 4 Marks d) Explain four (4) factors that an auditor should consider when evaluating the internal audit function of a client? 8 Marks
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a Primary Purposes of Audit Documentation 1 Evidence of Work Performed Audit documentation serves as evidence of the audit procedures performed the conclusions drawn and the results obtained It helps ... View the full answer
Related Book For
Auditing A Business Risk Approach
ISBN: 978-0538476232
8th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Posted Date:
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