$7-25($Objectives$7-8,7-9)$ The following questions concern audit documentation. Choose the best response.

$1.$ Which of the following is$$not$$a primary purpose of audit documentation?

$1.$ To coordinate the audit

$2.$ To assist in preparation of the audit report

$3.$ To support the financial statements

$4.$ To provide evidence of the audit work performed

$2.$ During an audit engagement, pertinent data are compiled and included in the audit files. The audit files primarily are considered to be

$1.$ evidence supporting financial statements.

$2.$ a client$-$owned record of conclusions reached by the auditors who performed the engagement.

$3.$ support for the auditor$$s representations as to compliance with auditing standards.

$4.$ a record to be used as a basis for the following year$$s engagement.

$3.$ Although the quantity, type, and content of audit documentation will vary with the circumstances, audit documentation generally will include the

$1.$ copies of those client records examined by the auditor during the course of the engagement.

$2.$ evaluation of the efficiency and competence of the audit staff assistants by the partner responsible for the audit.

$3.$ auditor$$s comments concerning the efficiency and competence of client management personnel.

$4.$ auditing procedures followed and the testing performed in obtaining audit evidence.