Internal auditors approach their work in a systematic, disciplined manner, and workpapers provide a systematic, disciplined approach to documentation. Workpapers provide evidence of the entire engagement process — from planning to performing to communicating.
.05 Audit documentation is the record of audit procedures performed, rel-evant audit evidence obtained, and conclusions the auditor reached. Audit doc-umentation, also known as working papers or workpapers, may be recorded on paper or on electronic or other media. When transferring or copying paper doc-
Audit Working Papers: Definition, Form, Content, Example, …
Audit working papers refer to the documents prepared by or use by auditors as part of their works. Those documents include summarizing the client’s nature of the business, business process flow, audit program or procedure, documents or information obtained from …
AS 1215: Audit Documentation - PCAOB
Among other things, audit documentation includes records of the planning and performance of the work, the procedures performed, evidence obtained, and conclusions reached by the auditor. Audit documentation also may be referred to as work papers or working papers.
What Are Audit Working Papers? (All You Need To Know)
Audit working papers are documentation prepared and organized by the auditor to perform a proper audit service. According to ISA 230, Audit Documentation, the auditor’s objective is to prepare documentation that can: Support as sufficient and …
The record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached (terms such as working papers or workpapers are also sometimes used). …
Best Practices for Documenting Internal Audit Workpapers
May 22, 2023 · Workpapers serve as a written record of the audit work performed, documenting the planning, execution, and conclusion of each audit procedure. They allow for consistent and standardized documentation, enabling effective communication and collaboration among auditors, management, and stakeholders.
AS 1215: Audit Documentation - Appendix A | PCAOB
Auditors support the conclusions in their reports with a work product called audit documentation, also referred to as working papers or work papers. Audit documentation supports the basis for the conclusions in the auditor's report.
Audit working papers - Wikipedia
Audit working papers are the documents which record during the course of audit evidence obtained during financial statements auditing, internal management auditing, information systems auditing, and investigations.
Audit Evidence and Workpapers - The Institute of Internal Auditors …
Identify the manual procedures used by internal audit to gather audit evidence. Identify selected Computer-Assisted Audit Techniques (CAATs), including generalized audit software. Identify the characteristics of well-prepared audit workpapers.