Workpaper Guidelines
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Workpaper Guidelines
Workpapers are the record of the auditor's work and the link between fieldwork and the auditor's
report. They are the documentation of the results of the engagement and the basis for the
auditor's conclusions.
Each engagement’s electronic workpaper file steps include the following information:
• Procedure Step Title – describes purpose of step using an action phrase
• Procedure Step – describes instructions to achieve the purpose
• Source – lists resources used to perform procedure step (documents, personnel, systems, etc.)
• Criteria – describes criteria used in procedure step, if applicable (policies and procedures,
rules and regulations, etc.)
• Results – describes outcome of the instructions performed in the procedure step
• Conclusion – summarizes results and identifies any findings
• Refs – workpaper, procedure step, and finding references, if applicable
Workpaper Documentation:
• Avoid long narratives. Instead, use bullet points, flowcharts, etc. to convey information.
• Avoid repeating information that is already documented elsewhere in the workpapers.
Instead use reference and cross-reference links when possible.
• Differences or testing exceptions in the workpapers should be cross-referenced to the
Findings & Recommendations section, which should also include related recommendations.
• Documentation in the workpapers should satisfy the re-performance standard. Workpapers
must be documented so that an auditor not familiar with the engagement can re-perform the
procedures exactly as they were done. While copies of all work do not need to be included in
the workpapers, enough descriptive information should be included to let reviewer(s) know
what was done (e.g., voucher or document ID #).
F:\USERS\AUDIT\WORK\institution\fiscal year\engagement
F:\USERS\AUDIT\ Teammate\Archive\engagement
Electronic documents should be deleted from the office network F Drive work folders. Hard
copy items should be disposed of with special attention paid to documents with any confidential
and/or sensitive data (e.g. bank account, social security, and credit card numbers, personal health
information, etc.), which should be shredded.
PBC: Document that is provided or prepared by the client for use in the
planning, fieldwork, or reporting phase of the engagement.
Procedure Step
Title (purpose): Briefly describes purpose of step(s) that will be performed to achieve one
or more engagement objectives, and should be written as an action phrase.
Scope: The period of time and/or specific process covered in the engagement or
included in the information contained in a workpaper.
Findings &
Recommendations: A summary of findings and recommendations derived during the
engagement with the final dispositions. The summary should be cross-
referenced to the related fieldwork and report workpapers.
TM Legend (TML): A list of tickmarks and a respective description, which adequately explains
the difference or exception found during performance of a procedure. It
should be evident as to whether or not an error or weakness was noted.
Explanations should be provided to show why items marked "N/A" are not
applicable.