Audit documentation/working papers are written records of audit procedures performed, evidence obtained and the conclusion reached by the auditor.
The following are benefits of preparing audit documentation:
- To provide evidence that:
- The audit has been planned and performed in accordance with ISAs and regulatory authority
- The audit report is appropriate according to the circumstance
- Audit documentation also helps to :
(a) assist the audit team to plan and perform the audit.
(b) assist senior team members in directing, supervising and reviewing the work done by the audit team
(c) enable quality control reviews
(e)used as a reference in future years