Audit Work Papers: Importance and Classification

Audit work papers document the auditor's procedures and findings, supporting their opinion in the report. These papers are owned by the auditor, who may choose to share them with future auditors. Work papers include permanent files, which are relevant over multiple years, and current files, which vary annually. Each work paper is organized with an identifying number and often stored electronically. They are crucial as they prove the auditor's work was completed.

What ethical considerations should an auditor keep in mind regarding the sharing of work papers?

How should work papers be organized and identified?