Jonah5247 Jonah5247

27-12-2022
Business

Answered

Following are several statements regarding accounting records or audit documentation. Which of the statements is correct?
A)Accounting records belong to the auditee.
B)Documentation of an auditor's understanding of the entity's internal control system is not necessary.
C)Audit documents may be regarded as a substitute for the company's accounting records.
D)The independent auditor may discard audit documents after two years.

Answer :

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