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. Topics Discussed Essential components of a workpaper
Preparing and maintaining workpapers Different types of workpapers
Documenting audit tests Improving workpaper technique Conducting the
review Common shortcomings of working papers Reviewing analytical
procedures