Audit Documentation of the Evidence Gathered by the Auditor Should

question 121

Multiple Choice

Audit documentation of the evidence gathered by the auditor should meet which of the following criteria?

• A) Workpapers are prepared in sufficient detail so that they can be given to the client for future reference.
• B) The content is sufficient to provide support for the auditor's opinion, including the auditor's representation as to compliance with auditing standards.
• C) Audit evidence is principally gathered to determine if the client's financial statements, as prepared by management, can be relied upon to make managerial decisions about the firm.
• D) Audit evidence as displayed in the workpapers is primarily performed to protect the auditing firm in the case of a lawsuit by investors.