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Working Papers

Working Papers:

Detailed Working Papers

apace audit and control software working papers sample screenshot with data

Detailed Working Papers

 

As can be seen from the above menu, the three documents in this section can be taken off-line, so auditors can take the documents to remote sites, amend the documents as the audit progresses and ultimately upload the documents back to the LAN for departmental review and sign-off.

 

Being essentially word processing documents; all printing, copying and file manipulation are performed by the industry standard menu options on the top of each screen.

 

Risk and Control Summary

apace audit software working papers risk and control summary

The Risk & Control Summary is the basis of all working papers. This identifies the risks associated with an audit area, the expected controls, the actual controls, comments and an audit evaluation of the control status. Risks must be numbered in sequence and the controls likewise numbered within risk. The other two documents are subsidiary to this document.

 

Upon entering this routine (or, indeed, any of the working papers), APACE will check whether it is connected to the LAN. If it is it will also check whether any papers are stored locally and give the user the option of working locally or remotely. It will then place an indicator in the top of the screen showing which environment it is working in.

 

Audit Programme of Compliance Tests

apace audit software working papers audit programme and compliance reports

The Audit Programme of Compliance Tests is subsidiary to the Risk and Control Summary. It links the risk and expected controls to the tests to be undertaken. If a Risk and Control Summary doesn’t exist for the job you cannot open this document.

 

Test Working Papers

apace audit software working papers test working papers screen

The Test Working Papers is subsidiary to the Audit Programme of Compliance Tests. It links the tests performed, findings and conclusion to both the Audit Programme of Compliance Tests and Risk and Control Summary. If a Risk and Control Summary doesn’t exist for the job you cannot open this document. This document will record objectives, records examined, work carried out, findings and conclusions reached. It will ultimately be signed off by the appropriate manager when finally uploaded back to the LAN.