Which of the following functions of audit documentation is incorrect? 1. Documentation assists audit supervisors to review
Question:
Which of the following functions of audit documentation is incorrect?
1. Documentation assists audit supervisors to review the quality of work performed.
2. Documentation assists in planning and performing the audit.
3. Documentation ensures all misstatements are discovered.
4. Documentation holds auditors accountable for the work performed.
2) Which of the following identities and histories is the auditor least likely to investigate when considering a new client?
1. Board members
2. Officers
3. Past auditors
4. Stockholders
3)A function of audit documentation is that it should contain evidence of significant items. Which of the following items would be omitted from the list of significant items to report on?
1. Accounting for unusual transactions
2. Adjustments for industry-specific standards
3. Selecting appropriate accounting principles
4. Transactions involving accounting estimates
Discovering Advanced Algebra An Investigative Approach
ISBN: 978-1559539845
1st edition
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke