1. Under the requirements of the PCAOB, audit documentation should be retained

a. For at least seven years.

b. Through the documentation completion date.

c. Through the report issuance date.

d. Through the stated requirements in the audit report.

2. Which of the following is required documentation in an audit in accordance with generally accepted auditing standards?

a. A signed engagement letter formalizing the level of service to be rendered.

b. A flowchart depicting the segregation of duties and authorization of transactions.

c. A written audit program describing the necessary procedures to be performed.

d. A memorandum setting forth the scope of the audit.