Content of Working Papers

Question 1

What should be done with working papers?

Answer 1

Sufficiently complete and detailed to enable an experienced audit with no previous connection with the audit

Question 2

What must an experienced auditor ascertain from the working papers?

Answer 2

What work was performed and to support the conclusions reached

Question 3

What should the working papers record?

Answer 3

Information on the auditor’s planning of the audit

Nature, timing and extent of audit procedures perform

Conclusions drawn from the audit evidence obtained

Question 4

What should the working papers also document?

Answer 4

Auditor’s reasoning on all significant matters requring exercise of judgement, with auditor’s conclusions thereon