[urbansage]

I’m a bit confused with the answers for these two questions. Both from the Wiley Audit Exam Review

Appendix A – Testlet 1 – Question 5

Which of the following is correct concerning allowing additions and deletions to audit documentation after the documentation completion date under requirements of the Public Company Accounting Oversight Board?

Answer is A:

Additions – Allowed

Deletions – Allowed

Apendix A – Testlet 3 – Question 21

After the documentation completion date, the auditor

Answer is D:

May make changes or deletions to audit documentation providing that the fact that alterations were made is documented.

I’m a bit confused how both of these can be right? I know the first question specifically mentions the PCAOB, should I assume it’s not a public company if it doesn’t say PCAOB? Are the rules different for a non-issuer? I can’t find where this is discussed in the textbook. Any good online resources? Thanks for any help you can give.

[Iggy1985]

Interesting, in my Wiley test book for question 5 testlet 1, it states (b) Under PCAOB standards, after the documentation completion date additions are allowed but deletions are not allowed.

but I'm assuming that's what you meant since it conflicted with testlet 3 question 21 ‘ the auditor may make changes or deletions to audit documentation providing the fact that the changes made were documented.'

page 245 of wiley question #43 states that no deletions may be made after the documentation completion date, and page 669 states that no documentation can be deleted after the completion date, So I'm, guessing question 21 on testlet 3 is wrong.

FAR - 89 (8/19/14) Wiley TB, Wiley Book, Books from School, Ninja Audio/Notes
AUD - 92 (10/14/14) Wiley TB, Wiley Book, Ninja Audio
BEC - 82 (5/8/15) Mostly Ninja MCQ, sprinkles of Becker lectures and Ninja Audio
REG - (8/14/15)

[Author]

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