Audit Documentation Is the Principal Record of the Audit and Provides

question 16

Multiple Choice

Audit documentation is the principal record of the audit and provides the principal support for the representations in the auditor's report. Because of this, audit documentation should do all of the following except for:

• A)demonstrate how the audit complied with auditing and related professional practice standards.
• B)support the audit firm's human resource department in employee retention decisions.
• C)support the basis for the auditor's conclusions concerning each material financial statement assertion.
• D)demonstrate that the underlying accounting records agreed or reconciled with the financial statements.

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Definitions:

Televisions

Electronic devices designed for the reception and display of audiovisual content through terrestrial, satellite, cable, or internet sources.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, leading to specialized trade benefits.

Blankets

Woven coverings used to keep warm, typically utilized during sleeping or resting periods.

Meals

Portions of food consumed at any specific time during the day, such as breakfast, lunch, or dinner.