Explain why it is important for audit documentation to include each of the following: identification of the name of the client, period covered, description of the contents, initials of the preparer and the reviewer, dates of the preparation and review, and an index code. (If an input field is not used in the table, leave the input field empty; do not select a label.) In audit documents Name of the client Period covered Description of the contents Initials of the preparer Date of preparation Index code C... Why is it important?

Explain why it is important for audit documentation to include each of the following: identification of the name of the client, period covered, description of the contents, initials of the preparer and the reviewer, dates of the preparation and review, and an index code. (If an input field is not used in the table, leave the input field empty; do not select a label.) In audit documents Name of the client Period covered Description of the contents Initials of the preparer Date of preparation Index code C... Why is it important?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Explain why it is important for audit documentation to include each of the following: identification of the name of the client, period covered, description of the contents, initials of the preparer and
the reviewer, dates of the preparation and review, and an index code. (If an input field is not used in the table, leave the input field empty; do not select a label.)
In audit documents
Name of the client
Period covered
Description of the contents
Initials of the preparer
Date of preparation
Index code
Why is it important?

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