Addressing Common Documentation Deficiencies

Overview

The Enhancing Audit Quality Initiative has identified inadequate or nonexistent audit documentation as one of the most significant issues facing the profession. Over half of the engagements reviewed by the AICPA did not meet the requirements of AU-C 230. This course will look at common misconceptions related to audit documentation and help attendees address these deficiencies with efficient and effective best practices.

Prerequisites

None

Objectives

• Describe the minimum documentation requirements from AU-C 230
• Recall common work paper deficiencies identified by the AICPA

Highlights

• Documentation
• Deficiencies