Audit Documentation

question 13

Multiple Choice

Audit documentation:

• A)must be in electronic form.
• B)must be only in paper form.
• C)is not required, but is strongly recommended.
• D)may be in paper, electronic or some other form.

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Definitions:

Order Instrument

A financial document that is made payable to a specific individual or entity, requiring endorsement for transfer or payment.

Burden Of Proof

The obligation to prove one's assertion or claim in a legal proceeding.

Responsible Party

The individual or entity legally obligated or held accountable in a particular situation or for a specific act.

Signature Requirement

The need for a person's written mark or signature to authorize documents, contracts, or other formal agreements.