CIASP

COURSE OUTLINE

In this seminar, participants will learn the basic elements and qualities of a good working paper.

The workpaper demonstrates the professional skills of an auditor for it documents the work performed from planning to final closing meeting, including the results of follow-up procedures by the auditor on the action plans of Management.

Carefully drafted work papers protect the auditor from internal and external scrutiny on the results of an audit.

Accordingly, auditors can better manage the communictations and discussions with Management and other stakeholders as to what areas of business need improvement, thereby creating value from the audit.

I. About audit working paper

Related standards
Definition
Purposes
Elements
Principles

II. Illustrative working paper

Planning
- Planning meeting presentation
Design effectiveness review
- Risk & Controls Matrix
- Process understanding
  - Interview notes
  - Process walkthrough
  - Process flow chart
  - Process narrative
- Gap Analysis
Operating effectiveness review
- Test script
- Sampling plan
Summarizing audit results
- Status meeting presentation

III. The art of Indexing and cross referencing

Indexing plan
Indexing schemes
Cross-referencing

IV. The art of referencing

Referencing in the audit report
Referencing in the audit work program

Have you experienced difficulty in justifying the results of your audits due to deficiency in evidence gathered and record of work done?

This program will teach you the techniques of developing quality audit working papers consistent with leading practices