An Auditor’s First Line of Defense

“The skill of an accountant can always be ascertained by an inspection of his working papers.”
— Robert H. Montgomery, Montgomery’s Auditing, 1912

White Paper: Audit Documentation Deficiencies

Fill out the form to find out how auditors avoid documentation deficiencies by identifying the primary practice aids in CCH ProSystem fx® Knowledge Coach.

Now Serving 8 Deficiencies with Practice Point Help 

Over the years, legal and disciplinary proceedings against auditors have identified multiple and repeated violations of audit documentation standards, including failure to prepare and maintain adequate and sufficient working papers.

Similarly, peer reviews continue to identify common deficiencies related
to audit documentation, including failures by auditors to appropriately document audit procedures, audit evidence, and conclusions reached with respect to management’s assertions and the auditor’s opinion on the financial statements.

Learn how to address and overcome these challenges with this white paper that discusses common audit documentation deficiencies that are identified in peer reviews and recognized in valuable lessons from litigation, which is predominately based on the AICPA audit documentation requirements.