AUDIT EVIDENCE Working Papers

1
AUDIT EVIDENCEWorking Papers

• Recording information
• Record relevant information to support
• Observations
• Conclusions
• Audit results
• Recommendations.
• Prepared by the auditor and reviewed - evidence

2
AUDIT EVIDENCEWorking Papers

• Working papers document
• Planning
• Examination and evaluation of the adequacy and
  effectiveness of the system of internal control.
• Audit procedures performed
• Information obtained
• Conclusions reached
• Review
• Communications
• Follow-up

3
AUDIT EVIDENCEWorking Papers

• Working papers document (continued)
• Audit programs
• Control questionnaires
• Flowcharts
• Checklists
• Narratives
• Notes and memoranda resulting from interviews
• Organizational data
• Results of control evaluations
• Analysis and tests
• Final communications and managements responses

4
AUDIT EVIDENCEWorking Papers

• Preparing working papers
• Each working paper should identify the engagement
  and describe the contents or purpose
• Index or reference number
• Audit verification symbols (tick marks) should be
  explained
• Sources of data should be clearly identified