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Technical

Audit Workpapers: Documenting Field Work Logo aicpa

  Don Pallais, CPA |   Free |   AICPA |   May 2018 |   Auditing |   AICPA Store

Do you need to make sure significant audit items are properly documented? Working papers, the building blocks of an audit, must list relevant details so that the manager and partners are aware of significant transactions and can consider possible ramifications. A poorly prepared working paper causes inefficiencies for the preparer, reviewer, and partner; thus, proper working paper preparation and documentation is critical. This CPE course offers practical guidance on the basics of working paper preparation, from form and content to proper documentation of significant audit items.

Learning Objectives

This course will prepare you to do the following:

  • Apply basic standards regarding working paper documentation and proper working paper technique.

Topics Discussed

  • Essential components of a working paper
  • Preparing and maintaining working papers
  • Different types of working papers
  • Documenting audit tests
  • Working paper critique
  • Improving working paper technique

Who Will Benefit?

  • Staff auditors who create working papers and supervisors and seniors who supervise audit engagements
Topics covered:
  • Employee benefit plan auditing: Technical: Defined contribution plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: ESOPs: Financial reporting, Foundational
  • Assurance: Technical: Audit, Foundational
Ensure your audits are properly documented
Who Will Benefit?
  • Staff auditors who create working papers
  • Those who supervise audit engagements
Key Topics
  • Essential components of a working paper
  • Preparing and maintaining working papers
  • Different types of working papers
  • Documenting audit tests
  • Working paper critique
  • Improving working paper technique
Learning Objectives
  • Apply basic standards regarding working paper documentation and proper working paper technique.

You probably already know that working papers form the building blocks of an audit. If you fail to include relevant details in your working papers, others may not be aware of significant transactions or consider their ramifications.

Through this course you'll learn:

  • The basics of preparing working papers to make sure significant audit items are properly documented
  • Common misconceptions noted by peer reviewers

Comments/Reflections