One of the factors affecting the form, content and extent of audit documentation relates to size and complexity of the entity. State six other…

One of the factors affecting the form, content and extent of audit documentation relates to size and complexity of audit. Other factors are: The nature of the audit procedures to be performed.The identified risks of material misstatement.The significance of the audit evidence obtained.The nature and extent of exceptions identified.The need to document a conclusion or the basis for a conclusion not readily determinable from the documentation of the work performed or audit evidence obtained.The audit methodology and tools used.