Which of the following is required documentation in an audit in accordance with generally acceptedauditing standards?
Which of the following is required documentation in an audit in accordance with generally acceptedauditing standards?
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter1: Auditing: Integral To The Economy
Section: Chapter Questions
Problem 18MCQ
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Question
Which of the following is required documentation in an audit in accordance with generally acceptedauditing standards?
Group of answer choices
a. A flowchart or narrative of the accounting system describing the recording and classification of transactions for financial reporting.
b. All major stakeholder groups.
c. An internal control questionnaire identifying controls that assure specific objectives will be achieved.
d. The overall audit strategy and audit plan.
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