Which of the Following Is Required Documentation in an Audit

question 665

Multiple Choice

Which of the following is required documentation in an audit in accordance with generally accepted auditing standards?

• A) A flowchart or narrative of the information system relevant to financial reporting describing the recording and classification of transactions for financial reporting.
• B) An audit plan setting forth in detail the procedures necessary to accomplish the engagement's objectives.
• C) A planning memorandum establishing the timing of the audit procedures and coordinating the assistance of entity personnel.
• D) An internal control questionnaire identifying controls that assure specific objectives will be achieved.

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Definitions:

Speaking Outline

A structured framework or plan that outlines the main points and details of a speech, designed to aid in its delivery.

Credibility

The quality of being trusted and believed in, often based on a reputation for honesty, reliability, and expertise.

Relevant Experience

Work or activities that directly relate to the position or field one is applying to or working in.

Accomplishments

Achievements or completed goals that are often used to demonstrate an individual's capabilities or successes.