Question

Audit documents

A) are kept by the client for easy reference for their accounting staff.
B) should be considered as a substitute for the clients accounting records.
C) are designed to facilitate the review and supervision of the work performed by the audit team by a reviewing partner.
D) prepared during the engagement are the property of the client once the audit bill is paid.

Answer 1

Audit documents are designed for review and supervision of the work performed by the audit team.

Step-by-step explanation:

Audit documents,

1. Are kept by the client for easy reference for their accounting staff.
2. Are not considered as a substitute for the client's accounting records.
3. Are designed to facilitate the review and supervision of the work performed by the audit team by a reviewing partner.
4. Are prepared during the engagement and remain the property of the client once the audit bill is paid.

Therefore, the correct answer is option C, that audit documents are designed to facilitate the review and supervision of the work performed by the audit team by a reviewing partner.