Do you need to make sure significant audit items are properly documented? Working papers, the building blocks of an audit, must list relevant details so that the manager and partners are aware of significant transactions and can consider possible ramifications. A poorly prepared working paper causes inefficiencies for the preparer, reviewer and partner. Proper working paper preparation and documentation is critical. This webcast offers practical guidance on the basics of working paper preparation from form and content to proper documentation of significant audit items.
When you complete this course you will be able to:
– Apply basic standards regarding working paper documentation and proper working paper technique.
– Essential components of a working paper
– Preparing and maintaining working papers
– Different types of working papers
– Documenting audit tests
– Working paper critique
– Improving working paper technique