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Auditing - Documentation : Meaning | 11th Auditing : Chapter 5 : Documentation

Chapter: 11th Auditing : Chapter 5 : Documentation

Documentation : Meaning

In the process of audit, the auditor should document matters which are important in providing sufficient evidence that the audit was carried out in accordance with the basic principles governing an audit.

DOCUMENTATION

 

Introduction

 

Documentation – Meaning

 

In the process of audit, the auditor should document matters which are important in providing sufficient evidence that the audit was carried out in accordance with the basic principles governing an audit. The records maintained and preserved in the audit process are called as Documentation. Documentation in this connection refers to audit note book and audit working papers. Working papers are prepared or obtained by the auditor. It may be in the form of extracts, photocopy of documents, representation and explanation from the management.

 

Audit Documentation includes:

·           Audit Programme

·           Analysis

·           Issues memorandum

·           Summaries of significant matters

·           Letters of confirmation and representation

·           Checklists

·           Correspondendces concerning significant matters.

 

 

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