- The working papers should have a good index to facilitate referencing and crossreferencing.
- They should be as complete as possible. The working papers should include the auditor‘s reasoning on all significant matters which require the exercise of judgement, together with the auditor conclusion thereon. A competent auditor reviewing the papers should arrive at the same conclusion.
- In the event of difficulties, audit trainees should use the mnemonic facts as they know them at the time the conclusions were reached.
- Any symbols used by the trainees ought to be clearly explained.
- The audit working papers need to be updated periodically for evidence to be relevant.
- Audit working papers should be well secured
Wilfykil answered the question on February 22, 2019 at 10:55
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