Answered: Which refers to the record of audit…

Which refers to the record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached. Audit documentation Audit File Audit Note Book Completion Memorandum

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

Which refers to the record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached.

- Audit documentation
- Audit File
- Audit Note Book
- Completion Memorandum

Definition Definition Methods and techniques used by the auditor to gather the appropriate evidence so that a true and fair judgment can be made on the quality of the financial statements of the client. Audit procedures are developed after determining audit objectives, scope, approach, and risk assessment.

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