Updated: Nov 6, 2020
Why we need to ensure we reference our audit files and workpapers well
It might seem like such a basic concept, but too often do we see audit teams and auditor forego referencing their audit files and their workpapers. It only takes a few minutes to do, but can save a world of problems later on.
What is referencing?
Referencing is a bit like indexing. Each audit file will be given a unique ID or number. For instance, an audit in 2020 for Business Continuity may be given the reference 2020-01. This shows it the first audit on the plan for 2020.
For workpapers, each workpaper will be given an individual number. For those who