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. Proper working paper preparation and documentation is critical.
This webcast offers practical guidance on the basics of working paper preparation from form and content to proper documentation of significant audit items.