Characteristics of Good Audit Working Papers (AWPs)

Good Audit Working Papers (AWPs) should be prepared in a way that they clearly support the audit work performed and the audit opinion formed. The key characteristics are as follows:

1. Proper Identification

Each audit file should clearly state:

• Client’s name
• Period covered
• Description of contents
• Initials of the preparer
• Date of preparation
• Index or reference code

This ensures clarity and traceability.

2. Proper Indexing and Cross-Referencing

• Working papers should be systematically indexed.
• Cross-referencing allows easy tracking between audit procedures, evidence, and conclusions.

3. Clear Evidence of Work Performed

The working papers must clearly show what audit work was done.

This may include:

• Tick marks
• Initialled audit programmes
• Written notes or memoranda

4. Sufficient and Relevant Information

• AWPs should contain enough information to achieve the audit objectives.
• Irrelevant or excessive information should be avoided.

5. Clear Conclusions

• Conclusions reached for each audit area must be clearly stated.
• The basis for each conclusion should be evident from the documentation.

Summary

Good AWPs are properly identified, well-organised, clearly show audit work performed, contain sufficient relevant information, and clearly state audit conclusions.