CA Inter P5 · Chapter 6 · Question 5 of 9
SA 230 requires audit documentation to be sufficient to enable whom to understand the nature, timing and extent of procedures performed, the results and evidence obtained, and significant matters and conclusions?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) An experienced auditor having no previous connection with the audit
Explanation
SA 230 sets the 'experienced auditor' test: documentation should enable an experienced auditor, with no previous connection to the audit, to understand the work performed, the evidence obtained and the significant matters and conclusions. An experienced auditor understands audit processes, SAs, the business environment and relevant reporting issues.
More Audit Documentation MCQs
- Q7After the auditor's report for Ved Polymers Ltd. was dated, the auditor learns of a fact that existed at that date and performs new audit…
- Q8Which of the following is ordinarily NOT required to be included in audit documentation under SA 230?
- Q9In documenting the nature, timing and extent of audit procedures performed, SA 230 requires the auditor to record:
- Q1Under SA 230, audit documentation primarily provides:
- Q2The audit working papers prepared during the audit of Ananya Foods Ltd. are the property of: