Answer below questions and predict your rank
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?


Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

    1       0 Answer Now Comment Report
4 Answers
Data?1494421730 answered

Dear Friend Working papers should include -- Audit plan -- Nature of audit -- Timing of audit -- Details of audit procedures performed -- Conclusions drawn from evidences obtained -- Organization structure -- IS policies of organization -- Historical background if IS in organization -- Record of internal controls related to IS -- Copies of previous audit report -- Copies of management letters issued by auditors Documents -- Knowing available resources -- Knowing the audience -- Knowing scope of work -- Thoroughly tested & revised documents -- Proper glossary & index -- Proper format Thanks

    1       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Open uri20170510 32134 av7zy9?1494421834 answered

Hey Roshni, According to SA-230, Audit Documentation refers to the record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached (terms such as “working papers” or “work papers” are also sometimes used). The objects of an auditor’s working papers are to record and demonstrate the audit work from one year to another. Hope this helps! All the best! Nishant

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear Friend, **Meaning and concept** Audit documentation is the record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached. Audit documentation, also known as working papers or work papers, may be recorded on paper or on electronic or other media. Audit work papers are the documents which record all audit evidence obtained during financial statements auditing, internal management auditing, information systems auditing, and investigations. Audit working papers are used to support the audit work done in order to provide assurance that the audit was performed in accordance with the relevant auditing standards. Audit working papers are the property of the auditors. As the professional ethic, it cannot discover to third party without consent of the client unless limited specified situations mentioned in ISA 230 Documentation and required by law, the examples are court order, for public interest and so on **Salient Features and Purpose of Audit working Papers and Documentations** 1.Reviewed by auditors with supervisors noted. 2.Signed, dated and approved by relevant level of audit staff with sufficient cross reference. 3.With evidence of effective audit planning, work done, sufficient and quality evidence. 4.Outstanding matters are cleared in due course. 5.Assisting the audit team to plan and perform the audit; 6.Assisting auditors who are new to an engagement and review the prior year's documentation to understand the work performed as an aid in planning and performing the current engagement; 7. Assisting members of the audit team responsible for supervision to direct and supervise the audit work, and to review the quality of work performed; 8. Demonstrating the accountability of the audit team for its work by documenting the procedures performed, the audit evidence examined, and the conclusions reached; 9. Retaining a record of matters of continuing significance to future audits of the same entity; 10.Assisting quality control reviewers (for example, internal inspectors) who review documentation to understand how the engagement team reached significant conclusions and whether there is adequate evidential support for those conclusions; 11. Enabling an experienced auditor to conduct inspections or peer reviews in accordance with applicable legal, regulatory, or other requirements; and 12.Assisting a successor auditor who reviews a predecessor auditor's audit documentation. **Form, Content, and Extent of Audit Documentation** The auditor should prepare audit documentation that enables an experienced auditor, having no previous connection to the audit, to understand: a. The nature, timing, and extent of auditing procedures performed to comply with SASs and applicable legal and regulatory requirements; b. The results of the audit procedures performed and the audit evidence obtained; c. The conclusions reached on significant matters; and d. That the accounting records agree or reconcile with the audited financial statements or other audited information. The form, content, and extent of audit documentation depend on the circumstances of the engagement and the audit methodology and tools used. Oral explanations on their own do not represent sufficient support for the work the auditor performed or conclusions the auditor reached but may be used by the auditor to clarify or explain information contained in the audit documentation. It is, however, neither necessary nor practicable to document every matter the auditor considers during the audit.

    0       0 Comment Report
Img20190526112103 answered

**Audit Working papers and documentations** Audit documentation is the written record of the basis for the auditor's conclusions that provides the support for the auditor's representations, whether those representations are contained in the auditor's report or otherwise. Audit documentation also facilitates the planning, performance, and supervision of the engagement, and is the basis for the review of the quality of the work because it provides the reviewer with written documentation of the evidence supporting the auditor's significant conclusions. Among other things, audit documentation includes records of the planning and performance of the work, the procedures performed, evidence obtained, and conclusions reached by the auditor. Audit documentation also may be referred to as work papers or working papers . Note: An auditor's representations to a company's board of directors or audit committee, stockholders, investors, or other interested parties are usually included in the auditor's report accompanying the financial statements of the company. The auditor also might make oral representations to the company or others, either on a voluntary basis or if necessary to comply with professional standards, including in connection with an engagement for which an auditor's report is not issued. For example, although an auditor might not issue a report in connection with an engagement to review interim financial information, he or she ordinarily would make oral representations about the results of the review. Regards, Tushar Sampat, CS, CA-Finalist, Practicing -Numerologist & Handwriting & Signature Analyst

    1       0 Comment Report
Get Notifications
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.