Contents of working papers
(a) Information likely to be of continuing importance on recurring audits such as the
organization’s constitutional documents and other information concerning the legal and
organization structure of the entity.
(b) Audit planning information and time budgets.
(c ) Details of the internal control and accounting systems of the business including the
auditor’s evaluation and assessment of risk.
(d) Details of audit work carried out, including notes of errors, action taken and conclusions
drawn, including work carried out by other auditors.
(e) Supporting schedules to financial statements.
(f) Audit conclusions including significant and unusual matters.
(g) Copies of approved financial statements and auditor’s reports, letters of representation,
engagement letters, letters of weakness.
Audit working papers are usually filed in two separate files:
(a) Permanent files
(b) Current file