Get Must Always Stay At The Front In The Working Paper File

Audit working papers typically include the auditor's planning documents, test results, analytical procedures, and other supporting documentation. These papers are organized and maintained systematically to facilitate review by supervisors and other audit team members.

Typically each audit working paper must be headed with the following information: The name of the client. The period covered by the audit. The subject matter. The file reference (3) The initials (signature) of the member of staff who prepared the working paper, and the date on which it was prepared.

The working paper helps auditor to maintain a record of various matters discussed with management while conducting an audit. Also, the working papers help audit team members to understand entity's business, points which they need to check on a priority basis, queries and actions against them in previous audits.

An audit checklist may be a document or tool that to facilitate an audit programme which contains documented information such as the scope of the audit, evidence collection, audit tests and methods, analysis of the results as well as the conclusion and follow up actions such as corrective and preventive actions.

The source of the data/information, explanation of the test or analysis conducted, name of the auditor conducting the test, date the test was done, results, and conclusions should always be included in each working paper.

The working papers include items such as the audit plan, audit programs, test results, supporting calculations, correspondence, and any other relevant documentation related to the audit. These working papers provide a documented trail of the auditor's work and support the opinion expressed in the audit report.

The audit working paper are divided into two parts: The first group consists of the current file and second group contains the permanent file. The data to be used for a number of years placed in permanent file. The auditor can rely on the facts and figures recorded in permanent files.