Audit Staff Essentials - New Staff Core Concepts: Working Papers and Working Paper Documentation in a Financial Statement Audit

Overview

Procedures for preparing quality audit documentation in accordance with professional standard requirements are detailed for first-year audit staff.

Highlights

Key Topics

• Professional standards and requirements
• Creating quality audit working papers
• Organizing and referencing audit working papers
• Working paper efficiencies

Prerequisites

None

Designed For

Who Will Benefit

• Recently onboarded staff
• First-year staff
• Firms that want consistent training and level setting

Objectives

Learning Outcomes

• Recall the requirements of professional standards to prepare audit documentation for an audit of financial statements.
• Recall the common procedures in preparing quality audit documentation and common efficiencies.
• Identify the appropriate structure, format, and traditional conventions utilized by the profession in preparing audit documentation.