![]() ![]() The auditor should complete the assembly of the final audit file on a timely basis after the date of the auditor’s report.Īfter the assembly of the final audit file has been completed, the auditor should not delete or discard audit documentation before the end of its retention period. Who reviewed the audit work and the date and extent of such review (2).Who performed the audit work and the date such work was completed, and.The identifying characteristics of the specific items or matters tested.In documenting the nature, timing, and extent of audit procedures performed, the auditor must record: Where, in exceptional circumstances, the auditor judges it necessary to depart from a basic principle or an essential procedure that is relevant in the circumstances of the audit, the auditor should document how the alternative audit procedures performed achieve the objective of the audit, and, unless otherwise clear, the reasons for the departure. If the auditor has identified information that contradicts or is inconsistent with the auditor’s final conclusion regarding a significant matter, the auditor should document how the auditor addressed the contradictions or inconsistency in forming the final conclusion. ![]() The auditor should document discussions of significant matters with management and others on a timely basis. ![]() In documenting the nature, timing, and extent of audit procedures performed, the auditor should record the identifying characteristics of the specific items or matters being tested. Significant matters arising during the audit, the conclusions reached and significant judgments made in reaching those conclusions.The results of the audit procedures and the audit evidence obtained, and.The nature, timing, and extent of the audit procedures performed to comply with ISAs and applicable legal and regulatory requirements.The auditor should prepare the audit documentation on a timely basis and in such a way so as to enable an experienced auditor, having no previous connection with the audit, to understand: Evidence that the audit was planned and performed in accordance with ISAs and applicable legal and regulatory requirements.A sufficient and appropriate record of the basis for the auditor’s report, and.ISA 230, Audit Documentation states that the objective (1) of the auditor is to prepare documentation that provides: It is worth noting at this stage that it is neither necessary nor practicable for the auditor to document every matter considered during the audit.Īudit documentation needs to be understood for both Audit and Assurance (AA) and Advanced Audit and Assurance (AAA). The auditor should avoid preparing or accumulating unnecessary working papers, and should therefore avoid making extensive copies of the client’s accounting records. Auditors should prepare and organise their working papers in a manner that helps the auditor carry out an appropriate audit service. This article is about audit working papers. ![]() An introduction to professional insights.Virtual classroom support for learning partners.Becoming an ACCA Approved Learning Partner. ![]()
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