Documentation of the Audit Procedures Pe

Documentation of the Audit Procedures Performed and Audit Evidence Obtained

Form, Content and Extent of Audit Documentation

1. The auditor shall prepare audit documentation that is sufficient to enable an experienced auditor, having no previous connection with the audit, to understand: (Ref: Para. A2‑A5, A16‑A17)
   1. The nature, timing, and extent of the audit procedures performed to comply with the Australian Auditing Standards and applicable legal and regulatory requirements; (Ref: Para. A6‑A7)
   2. The results of the audit procedures performed, and the audit evidence obtained; and
   3. Significant matters arising during the audit, the conclusions reached thereon, and significant professional judgements made in reaching those conclusions. (Ref: Para. A8‑A11)
2. In documenting the nature, timing and extent of audit procedures performed, the auditor shall record:
   1. The identifying characteristics of the specific items or matters tested; (Ref: Para. A12)
   2. Who performed the audit work and the date such work was completed; and
   3. Who reviewed the audit work performed and the date and extent of such review. (Ref: Para. A13)
3. The auditor shall document 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. (Ref: Para. A14)
4. If the auditor identified information that is inconsistent with the auditor’s final conclusion regarding a significant matter, the auditor shall document how the auditor addressed the inconsistency. (Ref: Para. A15)
5. [Deleted by the AUASB. Refer Aus 12.1]

Documentation of Inability to Comply with Requirements

Aus 12.1 Where, in rare and exceptional circumstances, factors outside the auditor’s control prevent the auditor from complying with an essential procedure contained within a relevant requirement, the auditor shall document: (Ref: Para. A18‑A19)

(a) The circumstances surrounding the inability to comply;

(b) The reasons for the inability to comply; and

(c) Justification of how alternative audit procedures achieve the objectives of the requirement.

Matters Arising after the Date of the Auditor’s Report

1. If, in exceptional circumstances, the auditor performs new or additional audit procedures or draws new conclusions after the date of the auditor’s report, the auditor shall document: (Ref: Para. A20)
   1. The circumstances encountered;
   2. The new or additional audit procedures performed, audit evidence obtained, and conclusions reached, and their effect on the auditor’s report; and
   3. When and by whom the resulting changes to audit documentation were made and reviewed.