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Chapter 3 Audit Documentation and Audit Evidence

Audit Documentation and Audit Evidence

Meaning of Audit documentation - as per SA 230

Document is a piece of written paper, printed paper, or content saved in electronic format. For our Audit purpose Document refers to working paper or work paper kept by the ...

Nature Of Audit Documentation

Following are the nature of documentation: 1   Evidence of Planning  and performed accordance with SAs   It is nature...

Purpose Of Audit Documentation

Following are the purpose of documentation : 1   Assisting the engagement team to plan and perform the audit   ...

Form, Content And Extent Of Audit Documentation

The form, content and extent of audit documentation depend on factors such as: 1 The size and complexity of the entity 2 ...

Examples Of Audit Documentation

Following are some of examples of audit evidences 1 Audit programs 2 Analyses 3 ...

Meaning of audit procedure

Audit procedure is series of action  plan taken  by auditor in the process of conducting audit .Sometime audit procedure and audit programs are used as same. Following are the...

Audit File

What is Audit File? Audit file ‚Äď One or more folders or other storage media, in physical or electronic form, containing the records that comprise the audit do...

Assembly Of The Final Audit File

SQC 1  requires firms to establish policies and procedures for the timely completion of the assembly of audit files. An appropriate time limit within which to complete the assembl...

Some Examples of changes in Assembly Of The Final Audit File

As we know the maintaining audit file is an administrative job . Following are some example of changes, which can be done in the audit files. But remember this changes are allow...

Documentation Of Significant Matters And Related Significant Professional Judgments

Judging the signiÔ¨Ācance of a matter requires an objective analysis of the facts and circumstances. An important factor in determining the form, content and extent of audit doc...

Complete Memorandum Or Audit Documentation Summary

This is summary and conclusion of audit documentation. Completion memorandum is a summary of audit documentation. Completion memorandum describes following 1. The signiÔ¨Āca...

Ownership of Audit Documentation

Standard on Quality Control (SQC) 1 provides that, unless otherwise specified by law or regulation, audit documentation is the property of the auditor. He may at his discretion, ma...