AUDIT STANDARD No.9
WORKING PAPERS
Audit Standard No 9 regulates the nature, objectives, requirements and the procedure for
keeping the working papers.
1. Nature. The working papers are carriers of the information collected, made, or processed
during implementation of the audit task. The working papers reflect the different audit
stages and furnish in an appropriate way documentary evidence of the planning, work
performed, audit evidence and quality control.
2. The purpose of the working papers is:
2.1.
to guarantee the quality of planning, implementation, reporting and control on the
fulfillment of the recommendations;
2.2.
to support and confirm the findings, evaluations and recommendations;
2.3.
to guarantee the fulfillment of the audit task in compliance with the National
Audit Office Act, the audit standards and other audit related regulations of the
National Audit Office.
3. Working papers requirements. The working papers should meet the following basic
requirements:
3.1. contain sufficient information on the work performed for implementing the audit task
and in support of the audit findings and evaluations;
3.2. be comprehensive, detailed and accurate in order to enable the persons performing
quality control to reach the same findings and evaluations as the auditor, who performed
the audit;
3.3. be clear and understandable and include substantial information in terms of audit
objectives, in order to make the nature and scope of the work performed understandable
and outline the substantial audit issues;
3.4. be easy to prepare and control, possess features enabling reference to other
documents or information contained therein.
4. The National Audit Office shall adopt standard formats and requisites of the working
papers and their features (indexes).
5. The working papers are filed in current and permanent audit files:
5.1. the current audit files are set up for each audit and contain all working papers drawn
up during each audit stage.
5.2 the permanent audit files are set up for the first level budget spenders, but upon
discretion of the Heads of Departments or Directors of Regional Offices also for lower
level budget spenders; the permanent audit files include long-term information
concerning the structure, functions of the auditee, the annual reports on the functioning of
the financial management and control system and other information; the information
should provide a possibility to follow up the structure and activity of the respective
budget spender and to be suitable for updating on a regular basis.
6. The current and permanent audit files shall be kept and used according to a procedure
determined by the National audit Office.