Description

<p>Proper documentation is essential to a high-quality audit, as auditors are required to prepare and maintain documentation to demonstrate that sufficient and appropriate audit evidence was obtained to support the auditor&rsquo;s opinion. It is critical for workpapers to provide a clear understanding of the nature, timing, and extent of procedures applied, the results of those procedures, source of evidence obtained, and conclusions reached. Both audit effectiveness and efficiency are directly impacted by the nature and extent of audit documentation.</p>

<p><strong>Major Topics:</strong></p>

<ul>

<li>Proper documentation as a means of audit quality</li>

<li>Factors impacting the nature and extent of documentation</li>

<li>Sample workpaper index and other organization tips</li>

<li>Use of audit programs as means of audit documentation</li>

<li>Checklist for self-review of workpapers and clearing review notes</li>

<li>Multiple exercises on identifying workpaper deficiencies</li>

</ul>