TRUE OR FALSE for 1-10

1. Circumstances may require additions to audit documentation after the report release date. Audit documentation must not be deleted or discarded after the documentation completion date, however, information may be added.

2.Any documentation added must indicate the date the information was added, the name of the person who prepared the additional documentation, and the reason for adding it.

3. Audit documentation is the written record of the basis for the auditor's conclusions that provides the support for the auditor's representations, whether those representations are contained in the auditor's report or otherwise

4.Audit documentation also facilitates the planning, performance, and supervision of the engagement, and is the basis for the review of the quality of the work because it provides the reviewer with written documentation of the evidence supporting the auditor's significant conclusions.

5.Among other things, audit documentation includes records of the planning and performance of the work, the procedures performed, evidence obtained, and conclusions reached by the auditor.

6.Audit documentation also may be referred to as work papers or working papers

7. Audit evidence is less reliable when it is obtained from knowledgeable independent sources outside the entity.

8.Audit evidence that is generated internally is less reliable when the related controls imposed by the entity are effective.

9.Audit evidence obtained directly by the auditor (for example, observation of the application of a control) is less reliable than audit evidence obtained indirectly or by inference (for example, inquiry about the application of a control).

10.Audit evidence is less reliable when it exists in documentary form, whether paper, electronic, or other medium (for example, a contemporaneously written record of a meeting is more reliable than a subsequent oral representation of the matters discussed)