Audit working papers are used to document all the workings done
during the audit. It also includes details all the evidence
collected during the audit.
The documentation included in the audit working papers are as
follows:
- Copy of the communication conducted with the management;
- Organization processes, procedure and hierarchy chart with all
the details of team composition and segregation of duties;
- Extracts from the board meetings conducting any major business
and discussions thereon;
- Questionnaires prepared by the auditor and the responses given
by the management;
- Findings of risk assessment procedures and other substantive
procedures;
- Any other documentation required to be prepared under any
legislation or regulations including various auditing
standards.