AUDITING
AUDIT DOCUMENTATION (BSA-230)
Lecture # 5
Definition
Audit documentation means the record of audit procedures performed, relevant audit evidence
obtained, and conclusions the auditor reached (terms such as “working papers” or “work papers”
are also sometimes used); and
Experienced auditor means an individual (whether internal or external to the firm) who has a
reasonable understanding of (i) audit processes, (ii) ISAs and applicable legal and regulatory
requirements, (iii) the business environment in which the entity operates, and (iv) auditing and
financial reporting issues relevant to the entity’s industry.
Nature of Audit Documentation
Audit documentation may be recorded on paper or on electronic or other media. It includes, for
example, audit programs, analyses, issues memorandum, summaries of significant matters, letters
of confirmation and representation, checklists, and correspondence (including e-mail) concerning
significant matters.
Form, Content and Extent of Audit Documentation
The auditor should prepare the audit documentation so as to enable an experienced auditor, having
no previous connection with the audit, to understand:
