NUMBER AND CROSS REFERENCE WORKING PAPER
by balqis hasmizi
1. audit working paper is used to support the audit work
2. FUNCTION OF WORKING PAPER
3. PURPOSE WORKING PAPER
3.1. documents which record all audit evidence obtained during financial statements auditing
4. AUDIT DOCUMENTATION
4.1. NATURE OF AUDIT DPCUMENTATION
4.1.1. to be perfomed and identified risk of material mistatement and significant deficincy
4.2. PURPOSE OF AUDIT DOCUMENTATION
4.2.1. should be prepared in suffient detail to provide a cleear understanding of its purpose source and the conclusions reached
5. AUDIT PROGRAMME
5.1. ALSO CALLED AUDIT PLAN
5.2. ACTION PLAN THAT DOCUMENTS WHAT PROCEDURES AN AUDITOR WILL FOLLOW TO VALIDATE THAT AN ORGANIZATION
5.3. ADVANTAGE
5.3.1. SUPERVISION OF WORK
5.3.2. UNIFORMITY OF WORK
5.3.3. DISTRUBUTION OF WORK
5.4. DISADVANTAGE
5.4.1. RIGIDNESS
5.4.2. NO INITIATIVE
5.4.3. TOO MECHANICAL
6. FORMAT WORKING PAPER - name of client - subject,purpose - balancing sheet date - index number of working paper - date work paper were prepared - date of work paper were reviewed - initial of auditor preparing paper work - initial of person reviewing the paper work
7. TYPE OF AUDIT FILE
7.1. PERMANET FILE
7.1.1. set of record s that serve as an references for an organization's external organization
7.2. CURRENT FILES
7.2.1. files that keep all information related to current year auditing
7.3. CORRESPONDENCE FILES
7.3.1. lowest level of auditing by the IRS
7.3.2. IRS sends taxpayer a written request for additional information about a specific item or issues on their tax return