CHAPTER 1 : AUDIT DOCUMENTATION

Definition : Audit documentation refers to the records or documentation of procedures that auditor performed, the audit evidence that they obtained and the conclusion that makes by them based on the evidence obtained. Audit documentation is sometimes called audit working paper or working paper.
                  Internal control documents that auditor prepare in Ms words, Ms excel or other application is the example of audit documentation. Another best example that describes audit documentation would be the working paper that auditor prepares to document and test depreciation expenses.

QUESTION :

1.What is audit documentation?

2. List the list of current files of audit documentation?

3. What is the important of audit documentaton?

4. What are requirement of preparing audit requirement?

5. What is the other word of audit documentation?  

Ulasan untuk legal liability 

1. Auditors Liability: Types of Auditors Liabilities [Assignment] Definition of Auditors Liability. An auditors liability or responsibility is to provide reasonable assurance that a reporting entity's financial statements are free of material misstatements, whether due to error or fraud.

2. Under common law, an auditor can be held liable to its clients for negligence, gross negligence, con- structive fraud, and fraud. Due to the substantive amount of damages that a client can collect in a tort action, clients of auditors would be well advised to gear into tort claims rather than contractual ones.
3. The legal requirements in this context are quality and product-related, not health, safety, or environment-related. Auditors must first identify the applicable legal requirements for the area to be audited. Ask the legal staff, contract group, and audited area itself about any process or product legal requirements.

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