The Permanent Files Included as Part of Audit Documentation Do

question 27

Multiple Choice

The permanent files included as part of audit documentation do not normally include

• A) a copy of the current and prior years' audit programs.
• B) copies of articles of incorporation, bylaws and contracts.
• C) information related to the understanding of internal control.
• D) results of analytical procedures from prior years.

---

Definitions:

Detoxification Center

A facility specializing in helping individuals overcome substance abuse through medical and therapeutic interventions.

Nonrefundable

A payment or fee that cannot be returned to the payer under most circumstances.

Usury

Charging of excessively high interest rates on loans, often regulated by law to protect borrowers from predatory lending practices.

Annual Interest

Annual interest refers to the percentage rate charged on a loan or earned on an investment over the course of a year.