ITPEC FE Morning October 2023 Question 59
ITPEC FE Morning October 2023 — Question 59 of 80
An audit work paper is the execution record of auditing procedures. It documents what the auditor examined, what evidence was collected, and what conclusions were drawn. It forms the basis of the final audit opinion.
Why not others:
- (a) Describes a security promissory letter presented to the audited department — not a work paper
- (b) Describes standards and guidelines for conducting an audit — these are audit standards, not work papers
- (c) Describes a document proving the auditor fulfilled obligations with due care — this relates to due diligence, not work papers
Key rule: Audit work papers = execution records of audit procedures that support the audit opinion.
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