Which of the Following Is Not True About Audit Documentation

The Yellow Book lists the reasons why audit documentation is necessary. Which one of the following statements is not true.

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Results of any corrective actions taken to remedy problems.

. Answer c is correct because while a CPA firm will include. Audit documentation should be sufficient to enable members of the audit team with supervisory responsibilities to understand the nature timing extent and results of. Which of the following statements is not true concerning the auditors documentation.

Which of the following is not true regarding audit documentation for a specific audit. Requires the gathering of corroborative evidence. Documentation alone does not guarantee audit quality the process of preparing sufficientandappropriatedocumentationcontributestothequalityofanaudit05 Audit documentation is the record of audit procedures performed rel-evant audit evidence obtained and conclusions the auditor reached.

Generally accepted auditing standards do not require documentation. 17 Which of the following statements is not true concerning the auditors documentation. Audit trails of logged security incidents.

A Fields that should contain dates may have letters. The evidence gathering technique of observation a. B Data may be too large in volume C Fields may contain data outside preset acceptable.

The only purpose of audit documentation is to provide evidence that the audit was planned and performed in accordance with auditing standards. Copies of articles of incorporation bylaws and contracts. A copy of the current and prior years audit programs.

Audit Documentation 145 DocumentationcompletiondateThedatenolaterthan60days followingthereportreleasedateonwhichtheauditorhasassem. Audit documentation however is not a substitute for the entitys accounting records. Audit documentation should indicate which members of.

The documentation must contain enough. Which of the following is not true regarding audit documentation for a specific audit. Is limited to what the auditor sees d.

Passwords of all associates. Documentation must be in paper format. Which of the following is not subject to documentation requirements under HIPAA.

Original Alphabetical Which of the following is not true regarding audit documentation for a specific audit. Audit documentation provides the principal support for the audit opinion expressed by the auditor. Audit documentation should be sufficient to enable members of the audit team with supervisory responsibilities to understand the nature timing extent and results of auditing procedures performed.

-Audit documentation should be prepared so. 8137 Audit documentation is an essential element of audit quality. Wrong - Your answer is wrong.

The permanent files included as part of audit documentation do not normally include. 17 The professional standards for audit documentation are quite high. 1 relate to accounts or disclosures that are material to the financial statements and 2 involved our especially challenging subjective or complex judgments.

Is rarely sufficient by itself c. Results of analytical procedures from prior years. It makes significant audit tasks easier and keeps the audit supervisor and peer reviewer from slapping you silly.

Which of the following statements is a false statement regarding audit documentation. 16 Which of the following is not a reason for data cleansing. It is therefore not surprising that timely preparation of audit documentation working papers is a mandatory requirement of ISA 230.

We determined that there are no critical audit matters. 09 If after the documentation completion date defined in paragraph 15 the auditor becomes aware as a result of a lack of documentation or otherwise that audit procedures may not have been performed evidence may not have been obtained or appropriate conclusions may not have been reached the auditor must determine and if so demonstrate that sufficient procedures. Up to 20 cash back Question for RD.

C The requirement is to identify the item for which the. Documentation review is facilitated if a standard documentation format is used. Values D All of the above are reasons for data cleansing.

4 rows Which of the following is not true regarding audit documentation for a specific audit. Clear audit documentation is essential audit etiquette. An engagement letter in.

The auditor need not include in audit documentation superseded drafts of working papers and financial statements notes that reflect incomplete or preliminary thinking previous copies of documents corrected for typographical. -The auditor should document the reasoning process and conclusions reached for significant account balances even if audit test showed no errors -Documentation review is facilitated if a standard documentation format is utilized. OF AUDIT DOCUMENTATION It should be self-evident that if audit documentation is to serve the purposes described above then it must be prepared on a timely basis.

The process of preparing and. Audit documentation helps facilitate internal and external inspections of. Audit documentation would identify who reviewed the audit work but not who performed the audit work.

Documentation of CAMs Consistent with the requirements of AS 1215 Audit Documentation the audit. The audit committee and that. Is useful in most parts of the audit b.

Auditors document only those significant issues that have not been resolved by the audit report date. As to audit documentation in general it seems. Audit documentation should be sufficient to enable members of the audit team with supervisory responsibilities to understand the nature timing extent and results of auditing procedures performed.

An audit program is an example of audit documentation. The auditor should document the reasoning process and conclusions reached for significant account balances even if audit tests show no exceptions.

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