DESCRIPTION
This module provides participants with an understanding of the audit documentation standards. The module opens with an activity to demonstrate the negative impact of poor or incomplete documentation, before moving on to an overview of the specific requirements of AU-C 230. Participants will receive instruction on how to label and organize a substantive workpaper section and how to build an effective, well-laid-out audit workpaper via hands-on practice through small group activities.
LEARNING OBJECTIVES
- Describe the basic principles and requirements for audit documentation
- List strategies for creating complete, compliant, and reviewer-friendly documents and sections
- Use documentation techniques to comply with professional standards to appropriately document the work performed