Audit 104: Audit Documentation - Workpapers To Pass Review

Overview

Audit Documentation - Creating Workpapers That Pass Review is an important foundational course. Proper documentation is essential to a high-quality audit and other assurance services, 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 conclusions reached. Both audit effectiveness and efficiency are directly impacted by the nature and extent of audit documentation. Note: This course is a part of a recommended 16-hour audit skills curriculum for beginning staff. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Prerequisites

None

Objectives

Upon completion of this course, you will be able to...

• Identify the minimum documentation requirements of the audit standards
• Identify tips and techniques for self-review
• Recognize common workpaper deficiencies
• Recall how to prepare workpapers in proper form

Highlights

The major topics covered in this course 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 means of audit documentation
• Checklist for self-review of workpapers and clearing review notes
• Multiple exercises on identifying workpaper deficiencies