Which of the following statements is true regarding audit documentation? a. Auditors document only those significant issues that have not been resolved by the audit report date. b. Audit documentation provides the principal support for the audit opinion expressed by the auditor. c. Audit documentation would identify who reviewed the audit work, but not who performed the audit work. d. Documentation must be in paper format.

Question

Business

Marilyn Vaughan

15 August, 15:41

Which of the following statements is true regarding audit documentation? a. Auditors document only those significant issues that have not been resolved by the audit report date. b. Audit documentation provides the principal support for the audit opinion expressed by the auditor. c. Audit documentation would identify who reviewed the audit work, but not who performed the audit work. d. Documentation must be in paper format.

+4

Answers (1)

Know the Answer?

Lion · Answer 1

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

Explanation:

Audit documentation is evidence tha the auditor has performed his or her duties as per law and a record of the procedures performed together with conclusions reached.

The audit documentation is a support to teh issues identified during auditing and the method used to resolve them, it is also the principal support to the opinion expressed by the auditor.