To comply with auditing standards an auditor includes certain evidence in the working papers. For example...
To comply with auditing standards an auditor includes certain evidence in the working papers. For example evidence that the engagement was planned and that the work of assistants was supervised and reviewed. What other evidence should an auditor include in audit working papers to comply with auditing standards?
Homework Answers
Solution. An auditor includes certain evidences in the working papers to comply with auditing standards. Some of these are listed down:
a.The auditor's keep a track of and analyse the historical records/information of the company/business while preparing and representing the audit results.
b.The auditor's are to provide with proper documents/records of each member of audit team as working under proper supervision and planning process.
c.The auditor's need to publish documents representing its active participation in collection and preparation of audit with the company's internal management team, information technology team and other upper level teams involved in decision and operations.
d.The auditor's need to prove with documents that they were reviewed in the presence of each audit team member and company's upper level members.
e.The auditor's need to prove that all the above mentioned documents are properly represented and supports the audit results for the company/business.
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