Show What records may be included in audit documentation?Examples of audit documentation include memoranda, confirmations, correspondence, schedules, audit programs, and letters of representation. Audit documentation may be in the form of paper, electronic files, or other media.
What is an audit documentation?Audit documentation is the principal record of auditing procedures applied, evidence obtained, and conclusions reached by the auditor in the engagement. The quantity, type, and content of audit documentation are matters of the auditor's professional judgment.
What are the three 3 methods of collecting audit evidence?Gathering audit evidence as part of an audit involves a mix of techniques that are used interchangeably: visual observation, examination of records, and employee interviews.
What is recorded in an audit report?Contents of an Audit Report
The typical audit report contains three paragraphs, which cover the following topics: The responsibilities of the auditor and the management of the entity. The scope of the audit. The auditor's opinion of the entity's financial statements.
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