Certified Quality Auditor (CQA) Prasctice Exam

What do working papers in an audit help facilitate?

1. Communicate with stakeholders

2. Facilitate the auditors' investigation and record results

3. Estimate future performance

4. Conduct interviews with personnel

The correct answer is: Facilitate the auditors' investigation and record results

Working papers in an audit serve a crucial role in facilitating the auditors' investigation and recording results. They are comprehensive documents that provide evidence of the work performed by auditors, including the methodologies used, findings, and conclusions drawn throughout the audit process. These papers allow auditors to organize their thoughts and findings systematically, ensuring that their conclusions are supported by sufficient evidence. They also facilitate review and oversight, enabling other auditors or reviewers to understand the audit process and verify the results. The detailed documentation acts as a historical record of the audit work, which is essential for future reference, potential regulatory scrutiny, or subsequent audits. This level of documentation enhances the credibility and reliability of the audit, offering robust support for the opinions provided. While communicating with stakeholders, estimating future performance, and conducting interviews are essential aspects of the audit process, they do not encapsulate the primary function of working papers, which is to aid in the investigation and documentation of the audit findings.