ABSTRACT
Workpapers are the collection of engagement documents and records supporting the work done. The exact nature, number, design, and content of workpapers will vary based on the type of engagement the internal auditors work on, but there should be some general characteristics and procedures followed when preparing these documents. Audit workpapers link the agreed scope of work, the audit program, and the audit report. Workpapers are also helpful as a training tool and help in the professional development of auditors. Workpapers should have a consistent format, and while they may be prepared manually or electronically, they can vary in terms of their type, format, length, and contents. Workpapers should be neat, easy to read, and easy to review. Required Characteristics of Workpapers: Completeness, accuracy, organization, relevance and conciseness. Workpapers is the term used to describe any document related to an internal audit engagement. It includes risk matrices, flowcharts, narratives, test sheets, invoices, purchase orders, reports, receipts, and pictures.
