Chapter 10 - documentation

Question 1

What do working papers provide record of?

Answer 1

Question 2

What is the purpose of audit working papers?

Answer 2

To provide an auditor with no previous conection to the audit an understanding of…

• Audit work perfomed
• Evidence obtained
• Significantg matters arising
• Conclusion reached

Question 3

What do working papers have to show?

Answer 3

Question 4

1. What is a permanent audit?
2. When are they prepared and updated?

Answer 4

• An audit containing matters of a perminant or semi perminant nature
• Prepared at the commencement of the initail client audit
• Reviewed and updates after sunsequant audits (number checks)

Question 5

1. What is a current audit file?
2. When is it prepared?

Answer 5

1. A aduit file relating to the set of sccounts being audited
2. Prepared for the client on each occasion an audit is performed