Importance of Documentation 5 / 7

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Question 2b

ISA 230 Audit Documentation requires auditors to prepare audit documentation for an audit of financial statements on a timely basis.

Required:

Describe FOUR benefits of documenting audit work. (4 marks)

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Question 2c

ISA 230 Audit Documentation deals with the auditor’s responsibility to prepare audit documentation for an audit of financial statements.

Required:

State FOUR benefits of documenting audit work. (4 marks)

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