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Audit Workpapers: Documenting and Reviewing Field Work

Author/Moderator: Don Pallais, CPA
Publisher: AICPA
Availability: Varies by Format (See Below)
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Description

Available Formats:  Text | On-Demand | See All

Workpapers are the building blocks of an audit. If it’s not in the workpapers, audit quality may suffer, as the manager and partner might not know about it or its ramifications may not be fully considered. Make this CPE course part of the firm’s quality control system and understand the professional standards regarding audit workpaper documentation. You will learn the fundamentals of workpaper preparation – form and content – to make sure audit considerations, work performed, and conclusions reached are properly documented. You will also explore examples which show field work supervisors what factors to consider and what steps to follow when reviewing workpapers. In addition, typical workpaper deficiencies are explained to help minimize potential liability.

Topics Discussed:

  • Definition of and basic requirements of a workpaper
  • Preparing and maintaining workpapers
  • Different types of workpapers
  • Documenting audit tests
  • Improving workpaper technique
  • Working paper basics
  • Conducting the review
  • Common shortcomings of working papers
  • Case study example

Learning Objectives:
When you complete this course, you will be able to:

  • Apply basic standards regarding workpaper documentation and proper workpaper technique
  • Identify the tasks in supervisory-level reviews of workpaper documentation for audit engagements necessary to ensure compliance with current professional standards

Who Will Benefit?

  • Staff auditors who create workpapers
  • Supervisors/seniors who supervise/review audit engagements

Prerequisite: None

Advanced Preparation:  None

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NASBA Field of Study: Auditing
Level: Basic
Recommended CPE Credit: Text - 6.5; On-Demand - 4.5
Audit Workpapers: Documenting and Reviewing Field Work
Text , 2014
Product# 733326
Availability: In Stock
Regular:$168.75
AICPA Member:$135.00
Your Price:$168.75
Audit Workpapers: Documenting and Reviewing Field Work
CPE On-Demand , 2014
Product# 163770
Availability: Online Access 1 Year
For registered users only
Regular:$131.25
AICPA Member:$105.00
Your Price:$131.25
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