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

Question

Quizplus · Accepted Answer

During the execution stage, the auditor will document the details of the audit tests undertaken. This documentation is essential as it provides evidence that the audit was performed in accordance with auditing standards. The documentation may include the nature, timing, and extent of the audit procedures performed, the results of the procedures, and the conclusions drawn from the results.

Options A, B, and D are also important to document during the audit, but they are not specific to the execution stage. Understanding the client, identifying related parties, and using analytical procedures are tasks that should be performed during the planning stage of the audit. However, the auditor may continue to document any updates or changes to these areas during the execution stage.

During the Execution Stage of the Audit,an Auditor Will Document