Audit Documentation

Definition

Audit documentation refers to the record of audit procedures performed, audit evidence obtained, and conclusions reached by the auditor during an audit engagement.

It is also commonly known as Audit Working Papers (AWPs).

In simple terms, audit documentation shows what work was done, how it was done, what evidence was obtained, and how the auditor reached the audit opinion.

Purpose of Audit Documentation

Audit documentation is prepared to:

1. Provide a basis for planning the audit

It helps auditors understand the client, plan audit procedures, and allocate audit resources effectively.

2. Provide evidence of audit work performed

It demonstrates that the audit was conducted in accordance with auditing standards and professional requirements.

3. Support the auditor’s conclusions and audit opinion

Documentation links audit evidence to conclusions reached and the final audit report.

4. Facilitate supervision and review

It allows senior auditors and partners to review the work performed by audit assistants.

5. Serve as legal and professional protection

Audit documentation acts as evidence of due care if the auditor’s work is questioned in court or by regulators.

Summary

Audit documentation is the written record of audit procedures performed, evidence obtained, and conclusions reached, prepared to support the audit opinion and demonstrate that the audit was properly planned and conducted.