Sample Audit Working Papers printable pdf download

Sample Audit Working Papers

Appendix 2

Sample Audit Working Papers

Indexing the audit working papers essentially means preparing a Table of Contents. A

well-organized set of working papers enables the auditor to understand the relationships

of transactions and how they impact different accounts. It also enables the reviewers to

perform their work more effectively and efficiently and to devote their attention to the

critical audit areas.

There are many different ways that working papers could be indexed. The important

consideration is that the organization and indexing be logical. The following is just one

example of how the current working paper files might be indexed:

Index #

Description of Analysis

General:

A1 Working Trial Balance

A2 Adjusting Entries

A3 Evaluation of Uncorrected Audit Differences

B1 Audit Planning

B2 Internal Controls

B3 Risk Assessment

B4 Time Budget

C1 Contingencies and Litigation

C2 Subsequent Events

C3 Management Representation Letter

C4 Audit Completion Questionnaire

C5 Audit Review and Approval

D1 Referenced Copy of Report

D2 Footnote Documentation

D3 Audit Report Checklist

Specific:

1 Cash

2 Accounts Receivable and Sales

3 Prepaid Expenses and Other Assets

4 Investments

5 Inventories

6 Fixed Assets

10 Accounts Payable and Purchases

11 Accrued Liabilities

12 Debt

15 Revenues and Expenses

20 Equity

Sample Audit Working Papers