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Distinguish Between Internal Documentation and External Documentation as Types of Audit

question 42

Essay

Distinguish between internal documentation and external documentation as types of audit evidence. Give two examples of each. Which type is considered more reliable?


Definitions:

Spreadsheet Function

A pre-defined calculation in spreadsheet software that performs operations on data and returns a result.

System Software

The foundational software that controls the hardware of a computer and provides a platform for running application software.

Spreadsheet Formula

A set of instructions used in spreadsheet software that performs calculations or other actions on data.

Spreadsheet Software

An application program such as Microsoft Excel or Lotus 1-2-3 that enables a user to do calculations and numerical analyses easily.

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