Which of the Following Statements Is Most Accurate Regarding Sufficient

question 34

Multiple Choice

Which of the following statements is most accurate regarding sufficient and appropriate documentation?

• A)Accounting estimates are not considered sufficient and appropriate documentation.
• B)Sufficient and appropriate documentation should include evidence that the audit working papers have been reviewed.
• C)If additional evidence is required to document significant findings or issues, the original evidence is not considered sufficient and appropriate and therefore should be deleted from the working papers.
• D)Audit documentation is the property of the client, and sufficient and appropriate copies should be retained by the auditor for at least five years.

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Definitions:

Response

The reaction or reply to a stimulus or situation, which can be observed in various contexts such as customer feedback or biological reactions.

Speaker

An individual who delivers speeches or presentations to an audience, providing information, perspectives, or insights on various topics.

Communication Channel

A medium through which information is transmitted from one entity to another, encompassing verbal, non-verbal, and digital methods.

IMC

Integrated Marketing Communications (IMC) is a strategic approach to ensuring that all forms of communications and messages are carefully linked together to have a unified and consistent message.