Audit documents
A) are kept by the client for easy reference for their accounting staff.
B) should be considered as a substitute for the clients accounting records.
C) are designed to facilitate the review and supervision of the work performed by the audit team by a reviewing partner.
D) prepared during the engagement are the property of the client once the audit bill is paid.

Question

Quizplus · Accepted Answer

Audit documents are designed to facilitate the review and supervision of the work performed by the audit team by a reviewing partner. They are not a substitute for the client's accounting records and are not meant to be kept by the client for easy reference. Additionally, while the client owns the accounting records and other documents, the audit documents remain the property of the auditor.

Audit Documents