Prepare to review the working papers of the staff members on your engagement team, and ensure that audit procedures, as drafted in the audit program, are carried out as planned.
Ensure that the working papers satisfy all documentation requirements of professional standards, comply with the firm’s quality control document, and follow best practices established for the preparation of working papers.
Review the requirements for working papers in audit engagements, including the authoritative literature on working papers. Understand the review process, including the concept of review, the different types of working papers, the mechanics of review, the specific accounts to be reviewed, and the need to document the review process.
Strengthen your knowledge through an exercise in reviewing typical working papers to practice identifying problems and weaknesses. Explore additional considerations when reviewing working papers where audit data analytics are the primary source of evidence.
Format: Audio, Video, Interactive Elements
New In-Charge Auditors