Complying with Audit Documentation Requirements

Overview

Description:
Proper documentation is essential to a high-quality audit, as auditors are required to prepare and maintain documentation to demonstrate that sufficient and appropriate audit evidence was obtained to support the auditor's opinion. It is critical for workpapers to provide a clear understanding of the nature, timing, and extent of procedures applied, the results of those procedures, source of evidence obtained, and conclusion reached. Both audit effectiveness and efficiency are directly impacted by the nature and extent of audit documentation.

Learning Objectives:

After attending this presentation you will be able to...

• Discuss the minimum documentation requirements of the audit standards
• Discuss tips and techniques for self-review
• Describe common workpaper deficiencies
• Explain how to prepare workpapers in a proper form
  
  

Program Content:

The major topics covered in this class include:

• Proper documentation as a means of audit quality
• Factors impacting the nature and extent of documentation
• Sample workpaper index and other organization tips
• Use of audit programs as a means of audit documentation
• Checklist for self-review of workpapers and clearing review notes
• Multiple exercises on identifying workpaper deficiencies

Who should attend: Professionals who prepare or review audit documentation

Developed By: Emergent Solutions Group LLC

Instructor: Jennifer F. Louis, CPA

CPE Credit: 2

Field of Study: Auditing (2 CPE)

Program Level: Basic

Prerequisites: None

Advanced Preparation: None

Format: QAS Self Study

Highlights

• Proper documentation as a means of audit quality
• Factors impacting the nature and extent of documentation
• Sample workpaper index and other organization tips
• Use of audit programs as a means of audit documentation
• Checklist for self-review of workpapers and clearing review notes
• Multiple exercises on identifying workpaper deficiencies

Prerequisites

None

Designed For

Professionals who prepare or review audit documentation

Objectives

• Discuss the minimum documentation requirements of the audit standards
• Discuss tips and techniques for self-reviewDescribe common workpaper deficiencies
• Explain how to prepare workpapers in a proper form

Preparation

None