The Audit Documentation That Makes Up the Current File Most

question 106

Multiple Choice

The audit documentation that makes up the current file most likely would include a copy of the:

• A) Bank reconciliation.
• B) Pension plan contract.
• C) Articles of incorporation.
• D) Flowchart of the internal control.

---

Definitions:

Creditors

Individuals or entities to whom money is owed by a debtor.

Court

A governmental institution that has the authority to adjudicate legal disputes between parties and administer justice in civil, criminal, and administrative matters.

Creditors' Committee

A group of representatives from a bankrupt company's unsecured creditors involved in the bankruptcy proceedings to protect their interests.

Unsecured Creditors

are creditors whose claims are not protected by a lien on specific assets of the debtor, making them more vulnerable in bankruptcy proceedings.