ASA 330 - The Auditor’s Procedures in Response to Assessed Risks - April 2006
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99 The auditor shall document the overall responses to address the assessed risks of material misstatement at the financial report level and the nature, timing, and extent of the further audit procedures, the linkage of those procedures with the assessed risks at the assertion level, and the results of the audit procedures. In addition, if the auditor plans to use audit evidence about the operating effectiveness of controls obtained in prior audits, the auditor shall document the conclusions reached with regard to relying on such controls that were tested in a prior audit.
100 The manner in which these matters are documented is based on the auditor’s professional judgement. ASA 230 Audit Documentation, establishes mandatory requirements and provides explanatory guidance regarding documentation in the context of the audit of a financial report.