According to HA guidance, which of the following statements regarding audit workpapers is true?

The correct answer is B. The internal auditor's workpapers are the primary reference for reported control deficiencies. According to the Institute of Internal Auditors (IIA) guidance, workpapers are crucial for documenting the evidence that supports audit findings and conclusions. They serve as the primary reference for any reported control deficiencies, providing detailed documentation and…

Performing the Engagement

Question

Options

AAudit reports should include the workpapers as a reference for the audit conclusions.
BThe internal auditor's workpapers are the primary reference for reported control deficiencies.
CAd-hoc communications with management of the area under review should be excluded from the
DBoth draft and final versions of workpapers should be saved at the end of the engagement

How the community answered

(44 responses)

A
2% (1)
B
89% (39)
C
7% (3)
D
2% (1)

Explanation

According to the Institute of Internal Auditors (IIA) guidance, workpapers are crucial for documenting the evidence that supports audit findings and conclusions. They serve as the primary reference for any reported control deficiencies, providing detailed documentation and justification for the audit results. Workpapers must be thorough and clearly demonstrate the basis for audit observations and recommendations. While audit reports summarize findings, the detailed support for these findings is found within the workpapers.

Topics

#audit workpapers#documentation standards#control deficiencies#IIA standards

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