The audit team asks management for original documents related to sales contracts.Despite the team's persistence,management does not supply the documents for over two weeks.With the use of professional skepticism,what should this audit team be most concerned with as it relates to the documents?
A)The need to complete the audit within a specified period of time.
B)Management's possible use of the time to fabricate the documents.
C)Discrepancies of the evidence.
D)Conflicting evidence.

Question

Quizplus · Accepted Answer

The audit team should be most concerned with management's possible use of the time to fabricate the documents. The team's persistence in asking for original documents related to sales contracts indicates that these documents are important to their audit. The fact that management delays for over two weeks could suggest that they are trying to cover up something, which raises a red flag for the team. As such, the team needs to exercise professional skepticism and consider the possibility that the documents may be fabricated to present a false picture of the company's financial position.

The Audit Team Asks Management for Original Documents Related to Sales