•Audit documentation is the principal record of

auditing procedures applied, evidence

obtained, and conclusions reached by the
auditor.
 MEANING
 The documents which record all audit evidence obtained
during financial statement auditing, internal management
auditing, information systems auditing, and investigations.

 Audit working papers are used to support the audit work

done in order to provide assurance that the audit was
performed in accordance with the relevant auditing
standards.
 Advantage of working paper
 Record evidence
Working paper proofs that:
i) Audit was conducted with due care and efficiency
ii) Audit was properly planned
iii) A proper audit programme was prepared
iv) reliable audit evidence was obtained through vouching,
verification etc
v) The accounting and internal control system was relied upon
after due study and evaluation.
vi) The audit report was prepared on the basis of sufficient
audit evidence.
 Plan and control:
Working paper helps the auditor to:
i)proper attention to the important areas
ii)Handle the problem which arise during the audit
iii) take steps to complet the work in time
iv)co ordinates with other auditor
 Supervise and review
 Prove in court
 Working Papers Files
 Typical Working Paper Format
 Storage of Working Papers
 Ownership of Working Papers
 Working Papers Files
Working papers provide the principal record that the audit has
conformed to GAAS. Also provide information for deciding
on the proper report.

 Permanent File  Current File

Information that is relevant Information relevant for a

for multiple years on given audit client for a
recurring engagements. particular audit year.
 Typical Working Paper Format
 Headings – audit client Prepared by: KM
name, year under audit, Reviewed by: J.S. A1
etc. Ricky Corporation
 Indexing – arrange papers Cash
in some common order.
I st savings 234.00
 Tick marks – symbols to
key a footnote to an item.
•Traced to bank
 Sign-off – indicates
auditors that prepare and reconciliation.
review.
Storage of Working Papers

 Working papers of
continuing clients are
maintained indefinitely.
 Check with legal counsel
before discarding any
working papers.
 Ownership of Working Papers

 The working papers are the auditor’s property, not

the clients.
 In most cases, an auditor can not reveal
information in the working papers without the
client’s permission.
Thank you