Question

Question 17  

Which of the following is true regarding audit documentation? (Select the correct answer.)

a. Documentation must be in paper form in the audit work papers.

b. Audit documentation would identify who prepared the work paper but does not need to identify who reviewed the work paper.

c. Audit documentation provides the principal support for the audit opinion expressed by the auditor.

d. Auditors document only those significant issues unresolved at the conclusion of the audit.

Question 18  

Which of the following statements best describes an audit program? (Select the correct answer.)

a. Used to specify the procedures to be performed in obtaining audit evidence.

b. Used to record the completion of each audit step.

c. Useful in monitoring the progress of an audit.

d. All of the above.

e. None of the above.

Answer 1

17. Correct option is: c. Auditor documentation provides the principal support for the audit opinion expressed by the auditor

18. Correct option is: d. All of the above

Audit program is useful for conducting the audit from starting to end