Audit documents record the results of the auditor's evidence-gathering procedures. When preparing audit documents, the auditor should remember that:
A)audit documents should be kept on the client's premises so that the client can have access to them for reference purposes.
B)audit documents should be the primary support for the financial statements being examined.
C)audit documents should be considered as a substitute for the company's accounting records.
D)audit documents should be designed to facilitate the review and supervision of work done by auditors assigned to the engagement.

Question

Quizplus · Accepted Answer

Audit documents should be designed to facilitate review and supervision of work done by auditors assigned to the engagement. This ensures that the work is done efficiently and effectively, and allows for proper tracking of the evidence-gathering procedures. Keeping the documents on the client's premises (A) is not necessary, as long as there is access to them when needed. Audit documents are not primary support for the financial statements (B), but rather provide evidence to support the auditor's opinion. Audit documents are also not a substitute for the company's accounting records (C), but rather complement them to provide an independent, objective assessment of the financial statements.

Audit Documents Record the Results of the Auditor's Evidence-Gathering Procedures