1
Q
The auditor is required to retain audit documentation
A
For a period sufficient to meet the needs of his or her practice and to satisfy any applicable legal or regulatory requirements, but not less than 5 year.
2
Q
What is a true statement in regards to observation in the audit technique?
A
it is the most persuasive about the performance of a process. However it is limited to that moment in time that the observation takes place.
3
Q
The presumption that is correct about the reliability of audit evidence is?
A
The more effective the internal control, the more reliable the evidence generated internally by the entity.
Audit CPA
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