Reviewing others’ working papers is fundamental to the role of an in-charge auditor. Steps to ensure working papers satisfy requirements are explained for experienced and in-charge staff. Reviewing working papers As the in-charge auditor, you are responsible for reviewing the working papers of your engagement team staff and ensuring that audit procedures, as drafted in the audit program, are carried out as planned. You will learn how to: - Ensure that working papers satisfy all documentation requirements - Make sure working papers comply with the firm's quality control document - Follow best practices established for working paper preparation Understanding the requirements You will also further explore various guidelines, including: - The requirements for working papers in audit engagements - The authoritative literature on working papers Review process decoded You will also gain an understanding of the review process, including: - The concept of review - Different types of working papers - The mechanics of review - The specific accounts to be reviewed - Documenting the review process - Reviewing working papers where audit data analytics are the primary source of evidence Applying your new skills You'll strengthen your knowledge through an exercise that asks you to review typical working papers. This exercise will allow you to practice identifying problems and weaknesses in a realistic scenario. Who Will Benefit - Experienced staff - New in-charge auditors - Firms that want consistent training and level setting Key Topics - Requirements for reviewing working papers - Overview of the review process - Conducting the review - Nuts and bolts of reviewing - Reviewing audit data analytics - Types of typical shortcomings on traditional working papers Learning Objectives - Identify the requirements pertaining to a working paper review. - Determine best practice approaches when performing a working paper review. - Identify the special considerations in reviewing audit data analytics working papers and working papers when using an analytics specialist. - Identify the typical shortcomings of staff working papers.