The auditing guideline on ‘recording’ requires audit working papers to
be sufficient complete and detailed so that an experienced auditor who
has no previous connection with the audit is able to subsequently
ascertain from working papers the work performed and to further
support the conclusions reached thereon.
Required:
(a) State four benefits that the auditor will obtain from the working
papers that meet the above requirements.
(4 marks)
(b) Outline the contents of a typical:
(i) Current audit file; (10 marks)
(ii) Permanent audit file.
(6 marks)