Question

Consider the following documents:
1. Audit Notebook
2. Audit program
3. Audit Report
4. Audit files
The correct sequence is __________.

• A. 1, 2, 3 and 4
• B. 2, 1, 3 and 4
• C. 2, 1,4 and 3
• D. 1,2, 4 and 3

Answer 1

The correct option is D 1,2, 4 and 3

Audit has to be conducted by the auditor in a very systematic manner. The process and sequence is as under:

1) Audit Notebook- Audit note book is maintained by the auditor's staff during the course of audit for recording the difficulties, errors, doubts and new points to be discussed with the seniors.

2) Audit Program- Its an audit plan or action plan that document the the procedure to be followed by the auditor to validate the documentation.

4) Audit files- Audit files is designed to perform audits of your upload directory and the corresponding database records.

3) Audit Report- An audit report is a written statement of the auditor regarding the financial statement of an entity.