Question

Audit documentation should possess certain characteristics. Which of the following is true regarding those characteristics?

A) Audit documentation should be indexed and cross-referenced
B) Audit documentation should be organized to benefit the client's staff

Answer 1

Audit documentation possesses certain characteristics such as being indexed and cross-referenced, complete and accurate, and accessible and retrievable.

Step-by-step explanation:

Audit documentation should possess certain characteristics. One true characteristic is that audit documentation should be indexed and cross-referenced. This means that the documentation should be well-organized with clear references to related information. Another characteristic is that audit documentation should be complete and accurate. It should contain all the necessary information and accurately reflect the work performed during the audit. Lastly, audit documentation should be accessible and retrievable. It should be stored in a way that allows easy access for auditors and other authorized parties.