Audit%20Documentation-Handout - ch10

Auditing and Assurance Services

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What is audit documentation? “Written record of the basis for the auditor’s  conclusions that provides the support for the  auditor’s representations.” - Auditing Standard No. 3
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Purpose of audit documentation? Written record supporting audit report of the audit engagement Basis of review of the quality of work
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What are the requirements? Demonstrate that the engagement complied with the  appropriate standards (PCAOB) Support the basis for the auditor’s conclusions concerning 
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Unformatted text preview: every relevant financial statement assertion Demonstrate that the underlying accounting records agreed to / reconciled with the financial statements- Auditing Standard No. 3 What are the requirements? An experienced auditor, having no previous connection with the engagement should be able to determine: What was done, Who did it and when, What were the results Who reviewed it & when and What conclusions were researched...
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This document was uploaded on 03/04/2012.

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Audit%20Documentation-Handout - ch10 - every relevant...

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