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Technical

Experienced Staff/New In-Charge - Working Paper Review Logo aicpa

  $89.00 - 109.00 |   CPE: 1.5 |   AICPA |   Aug 2019 |   Auditing |   AICPA Store
Who Will Benefit?
  • Experienced Staff
  • New In-Charge Auditors
Key Topics
  • Working Paper Review
  • Form and Content of Working Papers
  • General Guidelines
  • Documenting the Review
Learning Objectives
  • Recall the purpose of a working paper review.
  • Identify the primary guidelines involved in a working paper review.
  • Identify the typical shortcomings of staff working papers.

This CPE course can be purchased individually or as part of the Audit Staff Essentials - Experienced Staff/New In-Charge staff training bundle.

The review of the working papers prepared by the staff members on your engagement team is a vital role performed by the senior accountant. Up until now, you have been responsible only for your own working papers. As an experienced staff member, you will now also take responsibility for the work of the staff members. It will be your responsibility to ensure audit procedures, as drafted in the audit program, are carried out as planned. The working papers must satisfy all documentation requirements of professional standards, comply with the firm's quality control document, and follow best practices established for the preparation of working papers.

This CPE course discusses the requirements for working papers in audit engagements. First, you will review the authoritative literature on working papers. Next, you will consider the review process, including the concept of review, the different types of working papers, the mechanics of review, the specific accounts to be reviewed, and the need to document the review process. The course closes with an exercise in reviewing typical working papers to practice identifying problems and weaknesses contained in the working papers.

Topics covered:
  • Assurance: Technical: Audit, Intermediate

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