Audit Documentation Checklist

Client Name:
Scope of Audit : Statutory Audit for the year ended ….....

Sl no Particulars
1 Whether the audit documentation is prepared on a timely basis?
2 Whether the audit documentation is sufficient to enable an experienced auditor, having
no previous connection with the audit, to understand the following?
(a) The nature, timing, and extent of the audit procedures performed to comply with the
SAs and applicable legal and regulatory requirements;
(b) The results of the audit procedures performed, and the audit evidence obtained; and
(c) Significant matters arising during the audit, the conclusions reached thereon, and
significant professional judgments made in reaching those conclusions.
3 While documenting the nature, timing and extent of audit procedures performed,
whether the following was recorded
(a) The identifying characteristics of the specific items or matters tested;
(b) Who performed the audit work and the date such work was completed; and
(c) Who reviewed the audit work performed and the date and extent of such review.
4
Whether the documentation includes discussions of significant matters with
management, those charged with governance, and others, including the nature of the
significant matters discussed and when and with whom the discussions took place.
5
Where it is identified that information is inconsistent with the auditor’s final conclusion
regarding a significant matter, whether it is documented as to how the inconsistency was
addressed?
6
Where it is considered necessary in exceptional circumstances to depart from a relevant
requirement in a SA, whether the audit documentation reflects how the alternative audit
procedures performed achieved the aim of that requirement and the reasons for the
departure
7
Where in exceptional circumstances, new or additional audit procedures are performed
or new conclusions are reached at the date of the audit report,
whether the following were documented?
(a) The circumstances encountered;
(b) The new or additional audit procedures performed, audit evidence obtained, and
conclusions reached, and their effect on the auditor’s report; and
(c) When and by whom the resulting changes to audit documentation were made and
reviewed.
8
Is it ensured that after the assembly of the final audit file has been completed, no
deletion or discard of audit documentation of any nature has taken place before the end
of its retention period?
9
Where it is necessary to modify existing audit documentation or add new audit
documentation after the assembly of the final audit file has been completed, whether the
following were documented?
(a) The specific reasons for making them; and
(b) When and by whom they were made and reviewed.
Yes/No/NA Remarks/ WP Ref.
Yes

Yes
Yes

Yes

Yes
Yes
Yes

Yes

NA

NA

NA

NA

NA

Yes

NA
NA
 Audit Planning Schedule

Client Name:
Scope of Audit : Statutory Audit for the year ended …......

Mar-21 Apr-21
Task / Timing Week 3 Week 4 Week 1 Week 2 Week 3
Meetings
Meetings with management to understand entity’s
operations and significant developments, update
progress a
Deployment of engagement team and team meetings a
Meetings with Those Charged with Governance –
sharing audit strategy and conclusions
Perform risk assessment
Perform preliminary analytics and other planning
procedures a
Identify and assess key risk a
Determine audit strategy a
Develop responses to risks through detailed audit plan a
Perform tests of controls
Identify key controls a
Review work of others (Internal audit, Type 1/2
reports) a
Perform tests as designed a a a
Evaluate deficiencies and impact on substantive
procedures
Perform Substantive Procedures
Determine procedures responsive to key risks a
Perform substantive analytical procedures or tests of
details as planned and obtain sufficient appropriate
audit evidence a a
Evaluate appropriateness and sufficiency of audit
evidence
Execute changes to audit strategy and plan if
circumstances require
Conclusions
Perform final analytics and other closing procedures
Review by Engagement Partner and conclude on
evidences obtained
Consultations with Quality Review Partner
Share draft results and discuss with management
Finalise and Issue opinion, discuss with Those Charged
with Governance
pr-21 May-21
week 4 Week 2 Week 3 week 4

a a

a a
a

a a
a a
a

a
a
a
a
a
 Audit Timelines

Client Name:
Scope of Audit : Statutory Audit for the year ended …...

Audit Activity Date

Developing audit strategy/ plan and meeting
management
Commencement of fieldwork
Review by Engagement Partner/ Quality Review
Partner
Issue draft report
Audit Committee/ Board of Directors to approve
financial statements , discuss and sign auditor’s
report

Audit Team

Client Name:
Scope of Audit : Statutory Audit for the year ended …....

Designation Name
Engagement Partner
Quality Review Partner
Engagement Manager
Team Member
Team Member
Team Member