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Engagement documentation

AUD Chapter 6 · Area I · Blueprint I.E

Auditors say, "If it is not written down, it was not done." Documentation is tested through definitions and through dates. The dates differ between AICPA and PCAOB audits, so most of the marks here come from four numbers: 60, 14, 5 and 7.

In this chapter

1. Why auditors write everything down
2. The experienced auditor test
3. What is in the file: permanent file, current file and tick marks
4. What every working paper must show
5. The three dates
6. Changes to the file: before and after the deadline
7. Keeping the file: retention, ownership and confidentiality

This chapter has 7 lessons, 50 practice MCQs with explanations and 10 simulations, plus flashcards and a recall sheet.

What this chapter covers

• What sufficient documentation contains
• the experienced auditor test
• assembly and retention periods for AICPA and PCAOB audits

Chapter 5: Accepting the engagement and the engagement letter · Chapter 7: Communicating with management and those charged with governance