The audit working paper is the record of the audit plan, audit procedures, audit evidence and audit conclusions of the certified public accountant, and is the carrier of audit evidenceAudit working papers can also be used for project quality reviews, supervision of accounting firms, and third-party inspections.
Form of existence. Paper, electronic, or other media.
Content. Include.
Letter of Engagement (CBA);
Overall audit strategy, specific audit plan;
Analysis Sheets, Checklists and Issues Memos;
Summary of major events, correspondence related to major events;
Confirmations, Responses and Statements;
A summary or copy of the documents and records of the audited unit;
Management Proposals;
Minutes of internal or external meetings of the project team;
Communication documents with other persons;
Misstatement summary tables, etc.
Not included. Drafted: Drafts of audit working papers or drafts of financial statements that have been superseded;
Elementary: Records that reflect incomplete or preliminary reflections;
Error: Text that is invalidated due to typographical errors or other errors;
Duplicate: Duplicate file records.
Judge the content of the audit working papers.
Frequently asked questions include "what is included in the audit working paper", "what needs to be retained in the audit working paper", and "what should not be arbitrarily deleted". In principle, from the beginning of preliminary business activities to the completion of audit work and the issuance of audit reports, all documents or records obtained and recorded by certified public accountants that constitute audit evidence belong to audit working papers.
Counter-enumeration: Frequently asked questions include "what is not included in the audit working paper", "what is not required to be retained in the audit working paper", and "what should be deleted". Audit working papers do not include "initial errors" and it is important to note that the deletion of one of the versions will only be addressed if there are two versions of the record for the "same event" "at the same time";If the original content is modified based on new changes and new circumstances, in order to fully reflect the audit process, the records before and after the modification are audit working papers that need to be retained, such as the relevant records of the audit plan, materiality updates and modifications.