AU-C 230 Audit Documentation and AS 1215 Audit Documentation require auditors to document each stage of the audit in their _______ to provide a record of work completed and evidence gathered in forming their audit opinion.
A)Bank confirmations
B)Audit data analytics
C)Group financial statements
D)Working papers

Question

Quizplus · Accepted Answer

AU-C 230 Audit Documentation and AS 1215 Audit Documentation require auditors to maintain working papers that document each stage of the audit, which provides a record of work completed and evidence gathered in forming their audit opinion. Bank confirmations and group financial statements may be part of the audit process, but they are not specifically required to be documented as part of the working papers. Audit data analytics may be used as a tool in the audit process, but it does not replace the need for  documentation in the form of working papers.

AU-C 230 Audit Documentation and AS 1215 Audit Documentation Require