Question

You are a new intern in the IT audit area of a CPA firm . You meet with your supervisor , who provides you with a list of elements that should be included in the client's documentation . In the following table , match each of these elements with the type of documentation in which it should appear . Each form of documentation may include multiple elements .

Answer 1

The list of elements in the client's documentation for an IT audit can be matched with different types of documentation, such as financial statements, audit workpapers, and audit reports.

Step-by-step explanation:

The list of elements that should be included in the client's documentation in the IT audit area of a CPA firm can be matched with different types of documentation. Here are the matches:

• Financial statements: Balance sheet, income statement, cash flow statement, statement of changes in equity
• Audit workpapers: Audit planning documents, risk assessment documentation, audit procedures and tests, evidence of audit completion
• Audit reports: Financial statement audit report, management letter, internal control report, communication of internal control deficiencies

When gathering evidence, one should select information that is rooted in verifiable facts and experiences and ensure it meets the instructor's requirements. All sources must be tracked and credited appropriately. This process aids in building a strong, fact-based foundation for the analytical report which is then added to one's professional portfolio accompanied by either a cover letter or a reflective journal entry.