alleryStart learning →Evidence gathered in a financial audit and filed in working papers is called
AA management letter
BA trial balance
CAudit evidence
DAn engagement letter
Answer & Solution
Correct answer: C. Audit evidence
Information obtained by auditors during the audit and recorded in their working papers is what is termed audit evidence.
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The opinion on financial statements depends on theStatements are true and fair when they are free ofBecause audits give only reasonable assurance, auditors often adoptWorking papers may take the form of aAudit working papers are the property of theData an auditor uses across many years is placed in theAudit working papers help show that the audit wasDetection risk may arise from