The auditor normally considers both underlying accounting data and corroborating information in the audit process. Underlying accounting data does not include which of the following items?
A) Evidence of controls.
B) Minutes of meetings.
C) Checks, invoices, and contracts.
D) General and subsidiary ledger.

Question

Quizplus · Accepted Answer

Minutes of meetings are not considered underlying accounting data as they are not directly related to financial transactions and may not provide objective evidence. The other options listed are all examples of accounting data that are typically used in the audit process.

The Auditor Normally Considers Both Underlying Accounting Data and Corroborating