Workpapers are the building blocks of an audit. If it’s not in the work
papers, the manager and partner might not know about it or consider its
ramifications. A badly prepared work paper is a time-waster for managers
and partners, so training in proper work paper preparation is critical.
Make this course part of the firm’s quality control system. Learn the
fundamentals of work paper 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 work papers. In addition, typical work paper
deficiencies are explained to help minimize potential liability. Topics
Discussed Essential components of a work paper Preparing and
maintaining work papers Different types of work papers Documenting
audit tests Improving work paper technique Conducting the review
Common shortcomings of working papers Reviewing analytical procedures