أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Working Papers are hard Evidence for an Auditor to Trace in Future.
Working papers are necessary for the following reasons:
1. So that the reporting partner can be satisfied that work delegated has been properly performed
2. To provide, for future reference, detail of problems encountered , evidence of work performed and conclusions drawn therefrom in arriving at the audit opinion.
3. Their preparation encourages a methodical approach.
4. To facilitate review.
5. To provide evidence that Auditing Standards have been followed.
Importance of audit working papers
Working papers assist in the planning and performance of the audit.
Working papers are necessary for audit quality control purposes.
Working papers provide assurance that the work delegated by the audit partner has been properly completed.
Working papers provide evidence that an effective audit has been carried out.
Working papers increase the economy, efficiency, and effectiveness of the audit.
Working papers contain sufficiently detailed and up-to-date facts which justify the reasonableness of the auditor’s conclusions.
Working papers retain a record of matters of continuing significance to future
The preparation of the working papers is a means to give training to the audit clerks as to how to summarize the work done by them.
The working papers enable the auditor to point out to the client the weakness of the internal control system in operation and inefficiency of the accountancy He may, therefore, be in a position to advise his client as to how to avoid such pitfalls.
The working papers enable the auditor to prepare the report to be issued without much waste of time.
He can know that his assistants had followed his instructions.
its important to give an overview of the company outlook.
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟