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Chapter 53 4

Working papers provide a record of:

 The planning and performance of the engagement

 The supervision and review of the work performed

 The evidence obtained which the assurance provider considers necessary, and
on which they have relied to arrive at their conclusion

 The quality control procedures carried out.

Working papers may be held as paper, film, electronic or other media.

If legal action is taken against the auditor, the audit file will provide the auditor's
defence in court. Working papers provide the proof that the auditor has not been
negligent in their duties.

5.2 Form and content of working papers

Audit work
performed

An
Evidence obtained
Audit experienced
documentation To auditor with To
must be allow no previous understand
sufficient connection Significant matters

with audit arising

Conclusions
reached
Working papers should show:

 Name of client  Objective

 Reporting date  Source of information

 File reference  Sample size

 Name of preparer/date  Work performed

 Name of reviewer/date  Results and conclusions drawn

 Subject of working paper  Analysis of errors

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