Audit working papers should always be sufficiently complete and detailed to enable an auditor with no previous connection with the audit to subsequently ascertain from them what work was performed and to support the conclusions reached by the auditor Required;List four benefits that the auditor would obtain from working papers that meet the above requirements

Working papers refers to the documentation prepared or obtained by the auditor and retained by him in connection with the performance of his audit. Audit working papers should always be sufficiently complete and detailed to enable an experienced auditor having no previous connection with the audit to ascertain the work that was performed supports the conclusions reached. The auditor should record all relevant information known to him at the time, the conclusions reached based on that information and the views of management.

Why the need for preparing good working papers.

  •  The reporting partner needs to satisfy himself that work delegated by him has been properly performed. This is only possible by reviewing detailed working papers prepared by the audit staff that performed the work. This also aids in supervision and review of work done by audit assistants.
  •  Working papers provide details of problems encountered together with evidence of work performed and conclusions drawn there from in arriving at the conclusions reached. These details can also serve as a good reference point for future audits.
  •  Preparation of working papers encourages the auditor to adopt a methodical approach to his work.
  •  Working papers assist in the planning and performance of audits in future financial periods.
  •  If sued for negligence working papers act as evidence of work done.
  •  They are used for training of audit staff. Working papers contain audit programs and specimen schedules, which audit assistants, can refer to when conducting an audit.



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