During the Execution Stage of the Audit,an Auditor Will Document

question 35

Multiple Choice

During the execution stage of the audit,an auditor will document:

• A)their understanding of their client
• B)related parties identified
• C)details of audit tests undertaken
• D)analytical procedures used to aid in risk identification

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Definitions:

Credibility

The quality of being trusted and believed in.

Business Report

A formal document that provides information, analysis, and recommendations to assist in business decision-making.

Previews

A brief overview or summary of a document, presentation, or piece of media to give the audience an idea of what to expect.

Executive Summaries

Concise overviews at the beginning of documents that summarize the most important points or findings for quick understanding by readers.