Which of the following includes client information and documentation that applies to multiple audits?
A)Permanent file
B)Lead schedules
C)Bank confirmations
D)Current file

Question

Quizplus · Accepted Answer

The permanent file includes client information and documentation that applies to multiple audits, such as articles of incorporation, bylaws, and long-term contracts. Lead schedules are typically used in the current audit file to summarize account balances, while bank confirmations are a form of audit evidence obtained during the audit process and would be included in the current file.

Which of the Following Includes Client Information and Documentation That