Indicate whether you would expect to find the following documents in the permanent audit file or the
Question:
Indicate whether you would expect to find the following documents in the permanent audit file or the current-year audit file.
a. A letter from a customer confirming an account balance.
b. A memorandum describing the auditor's work and conclusions regarding the adequacy of the allowance for doubtful accounts.
c. A copy of the client's articles of incorporation.
d. A description of the client's internal controls.
e. A worksheet containing a bank reconciliation.
f. A worksheet containing an analysis of common stock transactions from inception of the company until the current date.
g. A memorandum describing the auditor's inventory observation.
h. A computer listing of the client's inventory balances.
i. A lead schedule.
Step by Step Answer:
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor