Working Papers

-Audit working papers are prepared by the auditors, working papers are the property of the auditor. An Auditor can, however, at his own discretion , in appropriate cases give clients & others access to his working papers. -Working papers are the evidence that audit was planned and performed/.

-Audit working papers are prepared by the auditors, working papers are the property of the auditor. An Auditor can, however, at his own discretion , in appropriate cases give clients & others access to his working papers. -Working papers are the evidence that audit was planned and performed/. - All the required documents should be collected before the audit completes as they are the conclusion on which auditor's opinion are based. -There is no compulsion to hand over the working papers to the client.

Working papers are the material that auditors prepare or obtain and retain in connection with the performance of the audit.. it may be in the form of data stored on paper, film , electronic media, or other media. They can also be used in court.

1.evidence that audit was planned and performed 2.assist in directing audit work 3.fixing responsibilities 4.guidance for future audits

**AUDITOR'S WORKING PAPERS** Working papers are the material that auditors prepare or obtain and retain in connection with the performance of the audit.. it may be in the form of data stored on paper, film , electronic media, or other media. They can also be used in court. Auditor prepares working paper in order to provide evidence that audit was performed according to ISA standards. The handing over of these working papers is not mandatory but he has to preserve it for future use. Thanks

Hiii friend..... Working papers are prepared by the Auditors for there reference while auditing. These are kept by auditors and can be given to clients only at the auditors discretion. These working papers are the property of Auditor not of clients. There is no compulsion to handover the Audit working papers to clients. Thanks & Regards,

It is auditor's own discretion to hand over the audit working paper or not, Because of audit working is prepared by auditor, for its own reference and support so working paper are the property of the auditor [ for reference:- See SA 230 - Audit Documentation ] . It is not compulsory / Mandatory for the auditor to hand over the audit working paper.

Hi...... As Per SA 230 Audit Documentation **Audit documentation** – The record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached (terms such as “working papers” or “workpapers” are also sometimes used). **Standard on Quality Control (SQC) 1**, “Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements”, issued by the Institute, provides that, unless otherwise specified by law or regulation, audit documentation is the property of the auditor. He may at his discretion, make portions of, or extracts from, audit documentation available to clients, provided such disclosure does not undermine the validity of the work performed, or, in the case of assurance engagements, the independence of the auditor or of his personnel. So it is not necessary for the auditor of the the company to hand over the working papers, **however Auditor can provides these documents to company on Request.**

hi As per SA-230, "Audit Documentation" the audit report are the property of the auditor which he should maintain for atleast 7 years from date of signing of Audit report. To make it available to its client or not depends on the auditors decision. There is not compulsion on the auditor to handover the Working Papers. So no client can insist auditor to hand over the working papers.

Audit working papers are prepared by the auditors, working papers are the property of the auditor. An Auditor can, however, at his own discretion , in appropriate cases give clients & others access to his working papers. But it is not compulsory for the auditor to hand over the working papers to the company.