Template For
Template For
Template For
Documentation
Introduction
PSA 230, Audit Documentation, establishes standards and
provides guidance regarding audit documentation in the context
of the audit of financial statements.
Audit documentation – the record of audit procedures
performed, relevant audit evidence obtained, and conclusions the auditor
reached. (Working paper or work papers)
Audit file – one or more folders or storage media containing the
records that comprise the audit documentation for a specific engagement.
It can be in physical or in paper or in electronic form.
Experienced auditor – an individual who has a practical
audit experience, and a reasonable understanding of:
a) Audit processes;
b) PSAs and legal and regulatory requirements;
c) The business environment in which the entity operates; and
d) Auditing and financial reporting issues relevant to the entity’s
industry.
Nature and Purpose
Audit documentation provides:
a) Evidence of the auditor’s basis for a conclusion about the
achievement of the overall objective of the auditor; and
b) Evidence that the audit was planned and performed in
accordance with PSAs and applicable legal and regulatory
requirements.
Audit documentation represents the documentation of audit
evidence collected and evaluated.
Objective
The standard on documentation requires that the auditor should
prepare on a timely basis, audit documentation that provides:
Includes:
• Records of the planning and performance of the work, the
procedures performed, evidence obtained, and conclusions
reached by the auditor.
Documenting Planning and Risk
Assessment Procedures
The planning process and risk assessment procedures form the
foundation for the audit and should be carefully documented.
The auditor should document the overall strategy and audit plan.
The auditor should document the overall planned responses to address the
assessed risk of material misstatement, and the nature, timing and extent
of the further audit procedures to be performed, as well as the linkage of
those procedures with the assessed risks at the relevant assertion level.
Documenting Planning and Risk
Assessment Procedures
The documentation serves as an important Examples:
planning function for the audit. • Interviews with key executives, with
implications clearly drawn for the conduct
of the audit.
It also serves as evidence that the auditors
took their responsibilities seriously in • Business risk analysis, fraud risk analysis,
evaluating potential problems or special and analytical procedures, with a clear
circumstances involved in, or related to, the identification of accounts and assertions
audit. requiring special audit attention.
Step 2 Step 4
Venus is the Jupiter is the
second planet biggest planet
from the Sun of them all
Step 1 Step 3
Saturn is a gas Mars is actually
giant with a very cold
several rings place
Find a theme
Mercury Venus
It’s the closest planet to the Venus has a beautiful name
Sun and the smallest one in and is the second planet from
the Solar System the Sun
Best book themes
Classics
Mercury is the closest
planet to the Sun and
the smallest one
Fantasy
Venus is the second
planet from the Sun
Romance
Follow the link in the graph to modify its data and then Despite being red, Mars
paste the new one here. For more info, click here
is actually a cold place
Top bestsellers
Mercury
It’s the closest planet to the
01
Sun and the smallest one
Venus
Venus is the second planet
02
from the Sun. It’s hot there
Mars
Despite being red, Mars is
03
actually a very cold place
130,000,000
Big numbers catch your audience’s
attention
Set up the discussion
Mercury
It’s the closest
planet to the
Venus Sun
Venus is the
second planet
from the Sun
Mars
Mars is actually
a very cold
place
A picture is worth a
thousand words
Opinions on the last book
Mercury Venus
It’s the closest planet to the Venus has a beautiful name
Sun and the smallest one in and is the second planet from
the Solar System the Sun
Mars Saturn
Despite being red, Mars is Saturn is a gas giant and has
actually a cold place. It’s full several rings. It’s composed
of iron oxide dust of hydrogen and helium
Meeting schedule - 2021
Time Mon Tue Wed Thu Fri
Video
9 a.m. Meeting
chat
Emma’s
10 a.m. Reading
house
11 a.m.
12 p.m.
Recommendations
and guidelines
Do you know what helps you make your
point clear?
Lists like this one:
● They’re simple
● You can organize your ideas clearly
● You’ll never forget to buy milk!
03 04 05
Jupiter Mercury Venus
Jupiter is the biggest It’s the closest planet to the Venus is the second planet
planet of them all Sun and the smallest one from the Sun
This is a map
Mercury
30%
It’s the closest
planet to the
Sun
Venus
60%
Venus is the
second planet
from the Sun
Mars
10%
Mars is actually
a very cold
place
Awesome
words
Group guidelines
—Someone Famous
When you should read
Mercury is the closest planet Venus is the second planet Despite being red, Mars is
to the Sun from the Sun actually a cold place
Books I would like to read
Mercury Mars
It’s the closest Despite being
planet to the red, Mars is a
Sun cold place
Venus Saturn
Venus is the It’s a gas giant
second planet and has several
from the Sun rings
Our Team
Address Phone
Your address here +00 000 000 000
a) Audit processes;
b) PSAs and legal and regulatory requirements;
c) The business environment in which the entity operates; and
d) Auditing and financial reporting issues relevant to the entity’s
industry.
Nature and Purpose
Audit documentation provides:
a) Evidence of the auditor’s basis for a conclusion about the
achievement of the overall objective of the auditor; and
b) Evidence that the audit was planned and performed in
accordance with PSAs and applicable legal and regulatory
requirements.
Audit documentation represents the documentation of audit
evidence collected and evaluated.
Objective
The standard on documentation requires that the auditor should
prepare on a timely basis, audit documentation that provides:
Includes:
• Records of the planning and performance of the work, the
procedures performed, evidence obtained, and conclusions
reached by the auditor.
Documenting Planning and Risk
Assessment Procedures
The planning process and risk assessment procedures form the
foundation for the audit and should be carefully documented.
The auditor should document the overall strategy and audit plan.
The auditor should document the overall planned responses to address the
assessed risk of material misstatement, and the nature, timing and extent
of the further audit procedures to be performed, as well as the linkage of
those procedures with the assessed risks at the relevant assertion level.
Documenting Planning and Risk
Assessment Procedures
The documentation serves as an important Examples:
planning function for the audit. • Interviews with key executives, with
implications clearly drawn for the conduct
of the audit.
It also serves as evidence that the auditors
took their responsibilities seriously in • Business risk analysis, fraud risk analysis,
evaluating potential problems or special and analytical procedures, with a clear
circumstances involved in, or related to, the identification of accounts and assertions
audit. requiring special audit attention.
Step 2 Step 4
Venus is the Jupiter is the
second planet biggest planet
from the Sun of them all
Step 1 Step 3
Saturn is a gas Mars is actually
giant with a very cold
several rings place
Find a theme
Mercury Venus
It’s the closest planet to the Venus has a beautiful name
Sun and the smallest one in and is the second planet from
the Solar System the Sun
Best book themes
Classics
Mercury is the closest
planet to the Sun and
the smallest one
Fantasy
Venus is the second
planet from the Sun
Romance
Follow the link in the graph to modify its data and then Despite being red, Mars
paste the new one here. For more info, click here
is actually a cold place
Top bestsellers
Mercury
It’s the closest planet to the
01
Sun and the smallest one
Venus
Venus is the second planet
02
from the Sun. It’s hot there
Mars
Despite being red, Mars is
03
actually a very cold place
130,000,000
Big numbers catch your audience’s
attention
Set up the discussion
Mercury
It’s the closest
planet to the
Venus Sun
Venus is the
second planet
from the Sun
Mars
Mars is actually
a very cold
place
A picture is worth a
thousand words
Opinions on the last book
Mercury Venus
It’s the closest planet to the Venus has a beautiful name
Sun and the smallest one in and is the second planet from
the Solar System the Sun
Mars Saturn
Despite being red, Mars is Saturn is a gas giant and has
actually a cold place. It’s full several rings. It’s composed
of iron oxide dust of hydrogen and helium
Meeting schedule - 2021
Time Mon Tue Wed Thu Fri
Video
9 a.m. Meeting
chat
Emma’s
10 a.m. Reading
house
11 a.m.
12 p.m.
Recommendations
and guidelines
Do you know what helps you make your
point clear?
Lists like this one:
● They’re simple
● You can organize your ideas clearly
● You’ll never forget to buy milk!
03 04 05
Jupiter Mercury Venus
Jupiter is the biggest It’s the closest planet to the Venus is the second planet
planet of them all Sun and the smallest one from the Sun
This is a map
Mercury
30%
It’s the closest
planet to the
Sun
Venus
60%
Venus is the
second planet
from the Sun
Mars
10%
Mars is actually
a very cold
place
Awesome
words
Group guidelines
—Someone Famous
When you should read
Mercury is the closest planet Venus is the second planet Despite being red, Mars is
to the Sun from the Sun actually a cold place
Books I would like to read
Mercury Mars
It’s the closest Despite being
planet to the red, Mars is a
Sun cold place
Venus Saturn
Venus is the It’s a gas giant
second planet and has several
from the Sun rings
Our Team
Address Phone
Your address here +00 000 000 000
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