During the execution stage of the audit, an auditor will document:
A) details of audit tests undertaken.
B) their understanding of their client.
C) related parties identified.
D) analytical procedures used to aid in risk identification.

Question

Quizplus · Accepted Answer

During the execution stage of an audit, the auditor will undertake various audit tests to gather sufficient and appropriate audit evidence. It is important to document these details as it helps the auditor to demonstrate their competence and due care in carrying out the audit. Additionally, the documentation of audit tests helps in the review of the audit work by a senior member of the auditing team or by an external regulatory body. Therefore, option A is the correct choice as it accurately captures an important activity during the execution stage of an audit.

During the Execution Stage of the Audit, an Auditor Will