Audit Documentation Requirements (8:30AM-10:10AM)

Highlights

  • Proper documentation as a means of audit quality
  • Factors impacting the nature and extent of documentation
  • Illustrative workpapers and exercises
  • Use of practice aids and other mechanisms as means of audit documentation
  • Checklist for self-review of workpapers

Objectives

  • Discuss the minimum documentation requirements found in professional standards
  • Discuss tips and techniques for self-review
  • Describe common workpaper deficiencies
  • Explain how to prepare workpapers in proper form

Designed For

Auditors who perform audits under AICPA auditing standards

Leaders

Jeffrey Lieman

Mr. Lieman currently heads his own consulting firm, Lieman Associates LLC, in Owings Mills, Maryland. He provides consulting services, contractual assistance services, and training to CPAs, their firms, and their clients. He is recognized nationally as a lecturer for various accounting, auditing, and technology topics and has been quoted in various trade journals. In 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Lieman's previous experience included serving as the chief financial examiner for the Maryland Insurance Administration and being a director for Ellin & Tucker, Chartered. He trained staff in many areas of accounting, administration, and consulting. He also served as a senior manager and national trainer with KPMG in Baltimore, Maryland where he developed training materials for staff and instructors. He was elected Chairman of the Year by the Maryland Association of CPAs for chairmanship of the Computer Resources Committee.