You are in charge of a group of audit trainees who have just been employed by your audit firm. This is the audit trainees‘ first assignment and they are aware that they are supposed to prepare audit working papers but they do not know how to do so or what information they should include in the audit working paper.‘Required: List any four advantages of standardized audit working papers

i) Standardised audit working papers enhance efficiency in the manner in which they are prepared and reviewed.
ii) They enhance training of audit assistance by following laid out audit programmes.
iii) They are also useful in the delegation of work to audit staff.
iv) They provide a means to control the quality of audit work.
v) Easy to use and follow out since they provide no room for judgement.