Audit Files and Working Papers

Audit Files and Working Papers

Assessment

Flashcard

Education

University

Practice Problem

Hard

Created by

Md Fauzi Ismail

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

What are the types of audit files?

Back

Permanent files and current files.

2.

FLASHCARD QUESTION

Front

What is the purpose of setting up permanent files?

Back

To maintain essential information for ongoing audits.

3.

FLASHCARD QUESTION

Front

What is typically included in the content of permanent files?

Back

Essential documents and information relevant to the audit.

4.

FLASHCARD QUESTION

Front

What is the purpose of setting up current files?

Back

To document information relevant to the current audit period.

5.

FLASHCARD QUESTION

Front

What is typically included in the content of current files?

Back

Documents and information specific to the current audit.

6.

FLASHCARD QUESTION

Front

What is the importance of audit working papers?

Back

They provide evidence of the audit process and support the auditor's conclusions.

7.

FLASHCARD QUESTION

Front

What are the contents of an audit working paper?

Back

Audit program, working trial balance (current and previous year), proposed adjusting and reclassifying entries.

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