The Company selected to Audit was coca cola. The link to the SEC details for Coca Cola is below. The question of the week based on the information provided in this link for Coca Cola is as follows:
In further preparation for your audit of the company your team selected, you decided to gather your team and discuss Audit Evidence and Documentation Standards for this audit. Your preparation included a review of evidence and documentation literature (Ch. 7). To properly prepare the staff that will be working with you, you decide to create a Cheat Sheet on Evidence and Documentation to be used in your presentation.
The assignment is to Prepare a “Cheat Sheet” that briefly describes Audit Evidence and Documentation Standards, which includes the following topics. Each topic should be 90 to 175 words:
*My part is to provide Brief statement on the 8 types of audit evidence (physical examination, observation, confirmations, inquiry, recalculation, etc.)