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Audit Workpapers: Documenting and Reviewing Field Work

Description

Workpapers are the building blocks of an audit. If it’s not in the workpapers, the manager and partner might not know about it or consider its ramifications. A badly prepared workpaper is a time-waster for managers and partners, so training in proper workpaper preparation is critical. Make this course part of the firm’s quality control system. Learn the fundamentals of workpaper preparation – form and content – to make sure everything is properly documented. You will also explore examples which show field work supervisors what factors to consider and what steps to follow when reviewing workpapers. In addition, typical workpaper deficiencies are explained to help minimize potential liability.

Learning Objectives
  1. Identify basic standards regarding workpaper documentation and proper workpaper technique
  2. Identify the tasks in supervisory-level reviews of workpaper documentation for audit engagements necessary to ensure compliance with current professional standards.
Major Topics
  1. Definition of and basic requirements of a workpaper
  2. Preparing and maintaining workpapers
  3. Different types of workpapers
  4. Documenting audit tests
  5. Improving workpaper technique
  6. Working paper basics
  7. Conducting the review
  8. Common shortcomings of working papers
  9. Case study example
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Auditing
8
Who Should Attend

Staff auditors who create workpapers and supervisors/seniors who supervise audit engagements

Instructor(s)
Raymond Nowicki
Prerequisites
None
Location
 
Loyola Graduate Center
2034 Greenspring Dr
Lutherville-Timonium, MD 21093 US
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Event Information
When
May 25, 2017
8:00 am - 3:30 pm EST
Location
Loyola Graduate Center
2034 Greenspring Dr
Lutherville-Timonium, MD 21093 US
Total CPE Credits
8
Format
In-Person

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Audit Workpapers: Documenting and Reviewing Field Work


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