Audit 4 - Questions

Question 1

Audit documentation should enable an experienced auditor with no previous connection to the particular auditor to understand which of the following?

I. The nature, timing, and extent of procedures performed

II. The results of procedures performed

III. The total difference between items examined and their recorded amounts

A) I, II, and III
B) I and III only
C) I and II only
D)II and III only

Answer 1

C) I and II only

Explanation: Audit documentation is required to enable an experienced auditor with no previous connection to the audit to…

1) understand the nature, timing, and extent of procedures performed;
2) the results of procedures performed and evidence obtained; and
3) significant findings, conclusions reached, and judgments made.

There is no requirement that the documentation provide a total of the difference between examined items and their recorded amounts.