The auditor should prepare working papers which are sufficiently complete and detailed to provide an overall understanding of the audit..Required; State four benefits that an auditor would obtain from working papers that satisfy the above requirement

• They are used as a basis for planning current year‘s audit.
• Through review of the working papers, the auditor can be able to control the current year‘s audit through a review.
• Working papers collected in investigating one part of the company‘s audit can be used for verification of another part.
• The audit working papers can be used as evidence of work done, in particular if the auditor has been sued for negligence.
• They can also be used as an accountability tool when each audit clerk has to give evidence of work done when questioned.
• Audit working papers are also used to assist in investigating the company‘s financial affairs



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