A6 - Audit Documentation

Question 1

According to PCAOB standards, the documentation completion date is

Answer 1

Forty-five days following the report release date.

Question 2

An auditor who wishes to capture an entity’s data as transactions are processed and continuously test the entity’s computerized information system most likely would use what technique?

Answer 2

Embedded audit module

Question 3

The test data approach refers to a technique in which:

Answer 3

The client’s application program is used to process a set of test data, the results of which are already known by the auditor. If the client’s program is operating effectively, it should generate the same results determined by the auditor.

Question 4

Which computer-assisted auditing technique processes client input data on a controlled program under the auditor’s control to test controls in the computer system?

Answer 4

Parallel simulation

Question 5

Which computer-assisted auditing technique allows fictitious and real transactions to be processed together without client operating personnel being aware of the testing process?

Answer 5

Integrated test facility