Question

Which of the following factors would least likely affect the form, content, and extent of audit documentation?

The medium in which it is recorded and maintained.

The risks of material misstatement.

The extent of exceptions identified.

The nature of the auditing procedures.

Answer 1

The answer is to be Option A - The medium in which it is recorded and maintained.

This is quite general thought that whether the information is recorded in digital medium or physical form the auditor will keep the same level, form, content, and extent of audit documentation. Audit documentation doesn't get much affected by this factor.

However, the other three options - risk. the extent of exceptions and nature of audit procedures have a direct relationship with the extent and form of audit documentation to be maintained.