Audit Documentation Brief & Working Paper Templates

ISA 230 · ISQM 1 · ICAB Practice

Audit Documentation Brief
& Working Paper Templates

A complete reference on what to preserve, how to structure it, and how to prepare working papers — with ready-to-use specimen templates for every major audit area. Aligned with ISA 230, ISQM 1, and ICAB requirements.

Primary StandardISA 230 — Audit Documentation

Quality StandardISQM 1 (effective Dec 2022)

Retention Minimum7 Years from Report Date

Assembly Deadline60 Days from Report Date

JurisdictionBangladesh / ICAB

Why Documentation Matters

ISA 230

Audit documentation (working papers) is the record of audit procedures performed, evidence obtained, and conclusions reached. It serves two core purposes: it supports the audit opinion, and it demonstrates that the audit was conducted in accordance with ISAs. In a regulatory review, inspection, or litigation, the working paper file is the only evidence of what was done.

The Experienced Auditor Test — ISA 230.7 Documentation must be sufficient to enable an experienced auditor, having no previous connection with the audit, to understand: (a) the nature, timing and extent of procedures performed; (b) the results of those procedures and the evidence obtained; and (c) significant matters arising during the audit and the conclusions reached thereon.

Who Uses Working Papers?

👤

Engagement Team

Day-to-day reference; cross-referencing between areas; supervisory review; partner sign-off before report.

ISA 220.17

🔍

EQCR Partner

Engagement Quality Control Reviewer assesses whether significant judgements are appropriate before report issuance.

ISQM 2.16

🏛️

Regulators (ICAB / FRC / BSEC)

Practice monitoring inspections; quality reviews under AFRAR. Inspectors request specific WPs to verify compliance.

ISQM 1.53

⚖️

Courts & Legal Proceedings

If the auditor faces negligence claims, working papers are primary evidence of due professional care.

ISA 230.A1

🔄

Subsequent Year Audit Team

Permanent file and prior year current file used for understanding, continuity, and opening balances.

ISA 510.6

🤝

Successor / Incoming Auditors

If engagement is transferred, the file provides the factual basis for predecessor-successor communication.

ISA 510; ICAB Ethics

Audit File Structure

ISA 230.8

A well-organised audit file uses a consistent file reference system. The standard practice is to divide the file into four major sections: Permanent, Planning, Current Year Working Papers, and Completion. Each working paper has a unique reference number that links back to the audit plan and to the financial statement.

📁 [CLIENT NAME] — AUDIT FILE — FY [YEAR] │ ├── 📁 A — PERMANENT FILE │ ├── A-01 Memorandum & Articles of Association │ ├── A-02 Certificate of Incorporation / Trade Licence │ ├── A-03 Engagement Letters (all years) │ ├── A-04 Prior Year Signed Financial Statements │ ├── A-05 Key Contracts (loans, leases, major agreements) │ ├── A-06 Accounting Policies Manual │ ├── A-07 Related Party Schedule (updated annually) │ ├── A-08 Organisation Chart & Authorisation Limits │ └── A-09 Regulatory Licences / Registrations │ ├── 📁 B — PLANNING FILE │ ├── B-01 Client Acceptance / Continuance Form │ ├── B-02 Overall Audit Strategy Memorandum │ ├── B-03 Materiality Calculation (MAT-01) │ ├── B-04 Risk Assessment Register (RA-01) │ ├── B-05 Fraud Risk Memo & Team Discussion (FRAUD-01) │ ├── B-06 Detailed Audit Plan — all cycles │ ├── B-07 Internal Control Questionnaires (ICQ) │ ├── B-08 Tests of Controls Results (TOC) │ └── B-09 Time Budget vs Actual │ ├── 📁 C — CURRENT YEAR WORKING PAPERS │ ├── C-01 Trial Balance / Lead Schedules │ ├── C-10 Revenue & Receivables │ │ ├── C-10-01 Revenue lead schedule │ │ ├── C-10-02 Revenue cut-off testing │ │ ├── C-10-03 Debtor confirmation schedule │ │ └── C-10-04 Bad debt provision testing │ ├── C-20 Inventory │ │ ├── C-20-01 Inventory count observation notes │ │ ├── C-20-02 Valuation testing (cost vs NRV) │ │ └── C-20-03 Slow-moving & obsolescence │ ├── C-30 Bank & Cash │ ├── C-40 Property, Plant & Equipment │ ├── C-50 Trade Payables & Accruals │ ├── C-60 Borrowings & Finance Costs │ ├── C-70 Payroll & Staff Costs │ ├── C-80 Tax (Income Tax & Deferred Tax) │ ├── C-90 Related Party Transactions │ └── C-99 Journal Entry Testing │ └── 📁 D — COMPLETION FILE ├── D-01 Summary of Audit Differences (SAD-01) ├── D-02 Going Concern Memorandum ├── D-03 Subsequent Events Review ├── D-04 Related Party — Final Review ├── D-05 Management Representation Letter (signed) ├── D-06 EQCR Sign-off Memorandum ├── D-07 Signed Auditor's Report (copy) ├── D-08 Final Signed Financial Statements (copy) ├── D-09 Management Letter (Control Deficiencies) └── D-10 Completion & Assembly Checklist

Cross-Referencing System

WP Reference	Area	Links To	Type
B-03	Materiality Calculation	B-06 (Audit Plan — sample sizes); C-01 (Lead schedules)	Planning
B-04	Risk Assessment Register	B-05 (Fraud); B-06 (Plan); all C-section WPs	Planning
C-10-03	Debtor Confirmations	C-10-01 (Lead); C-10-04 (Bad debt)	Current
C-99	Journal Entry Testing	B-05 (Fraud); D-01 (SAD)	Current
D-01	Summary of Audit Differences	All C-section WPs; D-06 (EQCR); D-07 (Report)	Completion

Document Retention Policy

ISQM 1.53 · ISA 230.14

Day 0

Date of auditor's report signed

60 days

Final audit file assembly deadline (ISQM 1)

5 years

Minimum under some jurisdictions (note: BD = 7 yrs)

7 years

ICAB / Bangladesh minimum retention period

Permanent

Permanent file — retained until superseded

What Must Be Preserved and How

Document Category	Retention Period	Format	Notes
Current year working papers (Sections B, C, D)	Minimum 7 years	Physical or Digital (secure)	Core audit evidence
Permanent file (Section A)	Until superseded + 7 years after last engagement	Physical + Digital backup	Updated every year; old versions kept
Engagement letters	7 years minimum	Original signed copy	Legal document — original preferred
Management representation letter	7 years minimum	Original signed copy	Critical — must be original
Signed auditor's report copy	7 years minimum	Certified copy acceptable	—
External confirmations (bank, debtors, legal)	7 years minimum	Originals preferred	Maintain authentication of originals
Correspondence with client	7 years minimum	Physical or email archive	Include management inquiry responses
EQCR documentation	7 years minimum	Digital or physical	Kept separate from main file if required by firm policy

Prohibition on Deletion — ISA 230.13 After the file assembly date, the auditor must NOT delete or discard audit documentation before the end of the retention period. If amendments are made after assembly (rare, exceptional circumstances only), the auditor must document: who made the change, when, the reason, and who reviewed it. No deletions permitted — only additions with explanation.

Physical vs Digital File Requirements

Requirement	Physical Files	Digital Files
Security / Access	Locked filing room; restricted key access; visitor log	Password-protected; role-based access; audit trail log
Integrity	No alterations without initialling and dating	Versioning; no overwrite without log; PDF/A preferred for archiving
Backup	Disaster recovery plan; off-site copies recommended	Regular backups; encrypted cloud/offsite; tested restore procedures
Organisation	Tabbed dividers; index page; chronological within sections	Folder hierarchy matching file structure above; consistent naming convention
Confidentiality	Cover sheet on file; not left in public areas	Encrypted at rest; no client data on personal devices

Working Paper Standards

ISA 230 · Firm Policy

Every Working Paper Must Include

🏷️

Header Information

Client name, financial year end, WP reference number, title/subject of the WP, and ISA/BSA reference where applicable.

👷

Preparer Details

Name or initials of the preparer, their designation (Partner/Manager/Senior/Junior), and the date of preparation.

✅

Reviewer Sign-off

Name/initials of the reviewer, their designation, and date of review. For significant areas, both manager and partner sign-off.

🔗

Cross-References

References to supporting documents, other WPs, prior year comparatives, and the financial statements/trial balance line items.

🔑

Tick Marks Legend

Every symbol/tick mark used must be defined at the bottom of the WP. Never use undefined symbols.

💬

Conclusion

Every WP must end with a clear conclusion: "Based on procedures performed, we are satisfied that [assertion] is/is not fairly stated."

Naming Convention — Recommended Format: [Section]-[Area]-[Sequence] — e.g., C-10-02_Revenue_Cutoff_FY2024.pdf
For digital files: Include year in filename. Never use spaces — use underscores. Version control: v1, v2 only for drafts; final = no version suffix.
Date format: Always YYYY-MM-DD to ensure correct chronological sort order.

Common Documentation Failures (ICAB / AFRAR Inspection Findings)

No conclusion documented — WP shows work done but auditor never wrote what they concluded
Tick marks used with no legend — reviewer/inspector cannot determine what the tick means
No cross-references between WPs — no linkage between risk register and response WPs
Oral explanations only — management explanations received verbally but not documented in the file
Missing reviewer sign-off — work completed but not reviewed, or review date missing
No documentation of professional judgement — significant estimates accepted/challenged with no documented rationale
Photocopies only for legal documents — originals or certified copies required for key items
File assembled after the 60-day deadline — evidence of late completion
Materiality not linked to sample sizes in audit plan — mechanical exercise without purpose
No documentation of fraud brainstorming discussion — ISA 240 mandatory procedure not evidenced

Working Papers

Specimen Templates — Ready to Use

Working Paper · MAT-01 · Materiality Calculation & Determination

[FIRM NAME], CHARTERED ACCOUNTANTS

Audit Working Paper

Materiality Determination — MAT-01

Client : [Client Name]

Year : 31 December 20XX

Ref : MAT-01

File : B — Planning

Prepared By

________ [initials]

Date Prepared

_________________

Reviewed By

________ [initials]

Date Reviewed

_________________

SECTION A — BENCHMARK SELECTION

ISA 320.A4 identifies suitable benchmarks including: profit before tax, total revenue, gross profit, total assets, and total expenses. The selected benchmark should be the one most relevant to the entity and its users.

Entity type: [ ] Manufacturing [ ] Bank/NBFI [ ] NGO [ ] Trading [ ] Service

Benchmark candidates considered:

Profit before tax (PBT) : BDT _____________ crore

Total Revenue : BDT _____________ crore

Total Assets : BDT _____________ crore

Net Assets : BDT _____________ crore

Benchmark SELECTED: ____________________________

Reason: ________________________________________________________

________________________________________________________

SECTION B — OVERALL MATERIALITY CALCULATION

Description	BDT (Crore)	%	Result (BDT Crore)
Selected benchmark value	______________	—	—
Percentage applied (justify below)	—	_______ %	______________
Overall Materiality (OM)	—	—	______________
Performance Materiality (PM) @ _______ % of OM	—	_______ %	______________
Trivial / Clearly Inconsequential Threshold @ 5% of OM	—	5%	______________

SECTION C — PERFORMANCE MATERIALITY RATIONALE

Factors considered in setting PM (ISA 320.A13):

a. Prior year misstatements identified : [ ] None [ ] Few minor [ ] Several significant

b. Nature and complexity of entity : [ ] Simple [ ] Moderate [ ] Complex

c. Quality of accounting personnel : [ ] Strong [ ] Adequate [ ] Weak

d. First year vs. recurring engagement : [ ] First year [ ] Year __ (recurring)

Based on the above, PM set at _____ % of OM. Narrative rationale:

__________________________________________________________________

SECTION D — SPECIFIC MATERIALITY (if applicable — ISA 320.10)

Financial Statement Area	Specific Materiality (BDT)	Reason
Director remuneration	—	Legal disclosure; regulatory requirement
Related party transactions	______________	IFRS 24 / IAS 24 — user sensitivity
Regulatory capital (banks)	______________	Bangladesh Bank requirement
Other: ____________________	______________	_______________________________

SECTION E — PRIOR YEAR COMPARISON

Item	Prior Year (BDT)	Current Year (BDT)	Change %
Benchmark value	______________	______________	_______ %
Overall Materiality	______________	______________	_______ %
Performance Materiality	______________	______________	_______ %

Reason for significant change (if >20%): ___________________________________

Conclusion

Materiality has been determined in accordance with ISA 320. Overall Materiality of BDT _______ crore and Performance Materiality of BDT _______ crore will govern the nature, timing and extent of audit procedures and the evaluation of misstatements identified during the audit. These levels have been communicated to all engagement team members.

Prepared By

_____________________

Date: _________________

Reviewed By (Manager)

_____________________

Date: _________________

Approved By (Partner)

_____________________

Date: _________________

Ref: ISA 320.10 — ISA 320.11 — ISA 320.A4 — ISA 320.A13 — ISA 450.3

Working Paper · C-01 · Trial Balance Lead Schedule (Financial Statements Mapping)

[FIRM NAME], CHARTERED ACCOUNTANTS

Audit Working Paper

Trial Balance Lead Schedule — C-01

Client : [Client Name]

Year : 31 December 20XX

Ref : C-01

OM : BDT _______ crore

Prepared By

________________

Date

________________

Reviewed By

________________

Date

________________

STATEMENT OF FINANCIAL POSITION — LEAD SCHEDULE (BDT Crore)

Ref	Balance Sheet Line	Draft FS	TB Balance	Prior Year	Variance	WP Ref	✓
NON-CURRENT ASSETS
C-40	Property, Plant & Equipment (net)	__________	__________	__________	__________	C-40-01	✓
C-41	Right-of-Use Assets	__________	__________	__________	__________	C-41-01	✓
C-45	Intangible Assets	__________	__________	__________	__________	C-45-01	✓
C-46	Long-term Investments	__________	__________	__________	__________	C-46-01	✓
	Total Non-Current Assets	__________	__________	__________	__________	—	—
CURRENT ASSETS
C-20	Inventories	__________	__________	__________	__________	C-20-01	✓
C-10	Trade Receivables	__________	__________	__________	__________	C-10-01	✓
C-31	Other Receivables	__________	__________	__________	__________	C-31-01	✓
C-30	Cash and Bank Balances	__________	__________	__________	__________	C-30-01	✓
	Total Current Assets	__________	__________	__________	__________	—	—
	TOTAL ASSETS	__________	__________	__________	__________	—	—
EQUITY & LIABILITIES
C-60	Share Capital & Reserves	__________	__________	__________	__________	C-60-01	✓
C-62	Borrowings (Non-current)	__________	__________	__________	__________	C-62-01	✓
C-50	Trade Payables	__________	__________	__________	__________	C-50-01	✓
C-80	Tax Liabilities	__________	__________	__________	__________	C-80-01	✓
	TOTAL EQUITY & LIABILITIES	__________	__________	__________	__________	—	—

Conclusion

Draft financial statements have been agreed to the trial balance — differences noted: BDT _______. All variances between current and prior year exceeding trivial threshold have been explained and/or linked to relevant WPs. Lead schedules agree to WP cross-references above.

Prepared By

_____________________

Date: _________________

Reviewed By (Manager)

_____________________

Date: _________________

Partner Sign-off

_____________________

Date: _________________

✓ Agreed to TB and Draft FS F = Further investigation required Ref: ISA 500; ISA 330

Working Paper · C-10-02 · Revenue Cut-off Testing

[FIRM NAME], CHARTERED ACCOUNTANTS

Audit Working Paper

Revenue Cut-off Testing — C-10-02

Client : [Client Name]

Year : 31 December 20XX

Ref : C-10-02

PM : BDT _______ crore

Prepared By

________________

Date

________________

Reviewed By

________________

Date

________________

OBJECTIVE & SCOPE

Objective: To verify that revenue transactions around the year-end are recognised in the correct period (ISA 315 — cut-off assertion). Revenue was identified as a significant risk area (see WP RA-01). Performance Materiality: BDT _______ crore.

Population: Revenue transactions in the 10-day window before and after year-end (21 Dec – 10 Jan).

Total population value in window: BDT _______ crore. Sample selected: _____ items, totalling BDT _______ crore.

Criteria for inclusion: Revenue > BDT _______ (PM) automatically included; remaining selected randomly.

CUT-OFF TESTING — BEFORE YEAR END (Verify = Revenue IS in current year)

Invoice No.	Invoice Date	Amount (BDT)	Dispatch Note No.	Dispatch Date	Customer Acceptance	Correct Period?	WP Note
INV-24-4521	28-Dec-20XX	1,85,00,000	DN-4521	27-Dec-20XX	28-Dec-20XX	✓	—
INV-24-4555	30-Dec-20XX	3,20,00,000	DN-4555	31-Dec-20XX	N/A	FLAG	Note 1
INV-24-4560	31-Dec-20XX	92,00,000	DN-4560	31-Dec-20XX	31-Dec-20XX	✓	—
INV-24-4562	31-Dec-20XX	4,10,00,000	DN-4562	03-Jan-20XY	N/A	FLAG	Note 2
___________	___________	___________	___________	___________	___________	—	—

AFTER YEAR END (Verify = Revenue is NOT in current year)

Invoice No.	Invoice Date	Amount (BDT)	Dispatch Date	In FY Accounts?	Correct?	WP Note
INV-25-0010	02-Jan-20XY	2,40,00,000	02-Jan-20XY	No — in Jan	✓	—
INV-25-0015	04-Jan-20XY	1,80,00,000	30-Dec-20XX	Yes — in Dec	✗	Note 3
___________	___________	___________	___________	___________	—	—

AUDIT NOTES — EXCEPTIONS

Note 1 — INV-24-4555 (BDT 3.20 crore): Invoice dated 30 Dec; dispatch note dated 31 Dec; no customer acceptance obtained. Management claims delivery occurred on 30 Dec. Obtained GPS delivery record from logistics provider — confirms delivery at 23:45 on 30 Dec. RESOLVED — revenue appropriately recognised.

Note 2 — INV-24-4562 (BDT 4.10 crore): Invoice dated 31 Dec; goods despatched 3 Jan — revenue recognised in December. Revenue recognition criteria NOT met at year-end (goods not yet delivered). Proposed adjustment: Dr Revenue BDT 4.10 crore / Cr Deferred Revenue. Refer to SAD-01 item #__.

Note 3 — INV-25-0015 (BDT 1.80 crore): Dispatch date 30 Dec; invoice raised 4 Jan; revenue included in December. Revenue recognised appropriately — delivery occurred before year-end. NO ISSUE

SUMMARY

Item	Number	Value (BDT)	Disposition
Items tested	___	___________	—
No exception	___	___________	Appropriate cut-off
Misstatement identified	1	4,10,00,000	Proposed adj. — refer SAD-01
Resolved on further evidence	1	3,20,00,000	No adjustment required

Conclusion

Based on cut-off procedures performed, one misstatement of BDT 4.10 crore has been identified and proposed for adjustment (refer SAD-01 item #__). This exceeds performance materiality. Subject to management correction, we are satisfied that revenue is recognised in the correct period for the remaining population. Error rate is not indicative of a pervasive problem — isolated to one pre-signed invoice.

Prepared By

_____________________

Date: _________________

Reviewed By (Manager)

_____________________

Date: _________________

Partner Sign-off

_____________________

Date: _________________

✓ = No cut-off error found FLAG = Exception; see audit note ✗ = Error investigated; resolved / proposed adjustment Ref: ISA 240; ISA 500; BFRS 15 para 31–38

Working Paper · C-30-01 · Bank Reconciliation Review & Testing

[FIRM NAME], CHARTERED ACCOUNTANTS

Audit Working Paper

Bank Reconciliation Testing — C-30-01

Client : [Client Name]

Bank : [Bank Name], [Branch]

A/C No : XXXX-XXXX-XXXX

Ref : C-30-01

Prepared By

________________

Date

________________

Reviewed By

________________

Date

________________

STEP 1 — AGREE BANK BALANCE TO CONFIRMATION

Source	Balance (BDT)	Agreed?
Bank Confirmation Letter (obtained directly — ISA 505)	______________	✓
Bank Statement — last page at 31-Dec-20XX	______________	✓
Agreement between confirmation and statement	— —	✓

STEP 2 — REVIEW BANK RECONCILIATION (As prepared by client)

Item	BDT	Auditor's Work
Balance per Bank Statement — 31 Dec 20XX	______________	✓ Agreed to bank confirmation
Add: Deposits in Transit
Deposit — 31-Dec-20XX ref DT-001	______________	✓ Cleared 2-Jan — bank stmt
Deposit — 31-Dec-20XX ref DT-002	______________	FLAG — see Note 1
Less: Outstanding Cheques
Cheque No. 004521 — [Supplier A]	(______________)	✓ Cleared 5-Jan — bank stmt
Cheque No. 004538 — [Supplier B]	(______________)	FLAG — see Note 2
Cheque No. 004540 — [Supplier C]	(______________)	✓ Cleared 8-Jan — bank stmt
Balance per Books (Ledger) — 31 Dec 20XX	______________	✓ Agreed to GL

STEP 3 — EXCEPTION NOTES

Note 1 — Deposit DT-002 (BDT _____): Deposit recorded 31 Dec; not cleared in January bank statement reviewed (30 days post year-end). Investigated — funds related to an intercompany transfer from a related entity. Cleared 15 Feb. No evidence of misstatement; however, timing noted. Informed partner.

Note 2 — Cheque 004538 (BDT _____): Outstanding cheque dated 31 Dec 20XX; not cleared as at date of audit (___-___-20XY). Obtained explanation from CFO — cheque was cancelled; replacement EFTN payment made on 5 Jan. Verified EFTN payment in January bank statement. Original cheque void confirmed. NO ISSUE.

STEP 4 — ADDITIONAL BANK MATTERS (from Confirmation)

Matter	Per Confirmation	Disclosed in FS?	OK?
Overdraft facilities available	BDT _______ crore @ ___% p.a.	✓	✓
Assets pledged as security	Factory land — BDT _______ crore	✓	✓
Contingent liabilities (L/Cs, guarantees)	BDT _______ crore	✓	✓
Covenants	Debt/equity ≤ 2:1 — complied	Note ref	✓

Conclusion

Bank balance of BDT ______ crore has been agreed to the bank confirmation letter obtained directly from [Bank Name]. The bank reconciliation has been reviewed and all reconciling items verified to subsequent bank statements. No unexplained reconciling items remain. Matters disclosed in the bank confirmation (collateral, covenants, contingent liabilities) have been checked against disclosures in the financial statements — disclosures are complete and accurate.

Prepared By

_____________________

Date: _________________

Reviewed By (Manager)

_____________________

Date: _________________

Partner Sign-off

_____________________

Date: _________________

✓ = Agreed / Verified without exception FLAG = Item investigated; see notes OK = Matter resolved; no adjustment Ref: ISA 505.7; ISA 500; IAS 7

Working Paper · C-40-01 · Property, Plant & Equipment — Lead & Movement Schedule

[FIRM NAME], CHARTERED ACCOUNTANTS

Audit Working Paper

PPE — Lead & Movement Schedule — C-40-01

Client : [Client Name]

Year : 31 December 20XX

Ref : C-40-01

Prepared By

________________

Date

________________

Reviewed By

________________

Date

________________

COST — MOVEMENT SCHEDULE (BDT '000)

Category	Opening	Additions	Disposals	Closing	Tested	WP Ref
Land & Building	__________	__________	(__________)	__________	✓	C-40-02
Plant & Machinery	__________	__________	(__________)	__________	✓	C-40-03
Vehicles	__________	__________	(__________)	__________	✓	C-40-04
Office Equipment	__________	__________	(__________)	__________	✓	C-40-05
Furniture & Fixtures	__________	__________	(__________)	__________	✓	C-40-05
TOTAL COST	__________	__________	(__________)	__________	—	—

ACCUMULATED DEPRECIATION — MOVEMENT (BDT '000)

Category	Opening	Charge for Year	On Disposals	Closing	Rate	Method
Land & Building	__________	__________	(__________)	__________	2.5%	SL
Plant & Machinery	__________	__________	(__________)	__________	10%	SL
Vehicles	__________	__________	(__________)	__________	20%	SL
Office Equipment	__________	__________	(__________)	__________	20%	SL
Furniture & Fixtures	__________	__________	(__________)	__________	10%	SL
TOTAL ACCUM. DEPRECIATION	__________	__________	(__________)	__________	—	—
NET BOOK VALUE (Closing)	__________	—	—	__________	—	—

AUDIT PROCEDURES PERFORMED

Procedure	Done?	WP / Evidence	Exception?
Agreed opening balances to prior year signed accounts	✓	Prior year FS — A-04	None
Vouched additions > BDT ______ to purchase invoices	✓	C-40-02 (__ items)	See Note 1
Tested disposal — proceeds received and gain/loss calc	✓	C-40-06	None
Physically verified a sample of __ assets (existence)	✓	C-40-07 (observation)	None
Recalculated depreciation for sample of __ items	✓	C-40-08	See Note 2
Reviewed impairment indicators (IAS 36)	✓	GC-01; management inquiry	None noted
Confirmed title / ownership (land — certified copy of deed)	✓	Copy in C-40-09	None
Reviewed valuation report (if revaluation model)	N/A	Cost model applied	—

Note 1 — Additions: One addition of BDT ______ for a machine does not have a supplier invoice — replaced by a works completion certificate. Matter reviewed with partner. Internally constructed asset — treated per IAS 16.22. Capitalisation policy reviewed — appropriate. NO ISSUE.

Note 2 — Depreciation: One vehicle (Asset ID V-45) depreciated at 15% rather than 20% per policy. Difference = BDT ______. Below trivial threshold (BDT ______). Not proposed for adjustment but noted.

Conclusion

Net book value of PPE of BDT _______ (000) agreed to the trial balance and draft financial statements. Opening balances, additions, disposals, depreciation, and existence have been tested without material exception. One depreciation error below trivial threshold noted (Note 2). Disclosures in the notes appear complete and consistent with IAS 16 requirements.

Prepared By

_____________________

Date: _________________

Reviewed By (Manager)

_____________________

Date: _________________

Partner Sign-off

_____________________

Date: _________________

✓ = Performed; no exception FLAG = Exception; see note SL = Straight Line method N/A = Not applicable Ref: IAS 16; ISA 501; ISA 500

Working Paper · D-01 · Summary of Audit Differences (SAD)

[FIRM NAME], CHARTERED ACCOUNTANTS

Completion Working Paper

Summary of Audit Differences — D-01

Client : [Client Name]

Year : 31 December 20XX

OM : BDT _______ crore

PM : BDT _______ crore

Trivial: BDT _______ lakh

Prepared By

________________

Date

________________

Reviewed By

________________

Date

________________

ALL IDENTIFIED MISSTATEMENTS (above trivial threshold)

#	WP Ref	Description of Misstatement	Type	Dr (Cr) P&L	Dr (Cr) BS	Corrected?
1	C-10-02	Revenue recognised before goods delivered (cut-off)	Factual	(4,10,00,000)	4,10,00,000	YES
2	C-20-03	Inventory obsolescence provision understated (slow-moving goods)	Judgemental	(1,80,00,000)	1,80,00,000	YES
3	C-10-04	Doubtful debt provision — 3 debtors past 180 days not provided	Judgemental	(2,40,00,000)	2,40,00,000	NO
4	C-70-02	Bonus accrual understated — year-end approved bonus not accrued	Factual	(1,20,00,000)	1,20,00,000	YES
5	C-40-08	Depreciation error — one vehicle at wrong rate (below trivial but noted)	Factual	(18,000)	18,000	TRIVIAL
6	C-90-01	Related party loan interest — rate below market; not disclosed	Disclosure	—	—	YES

SUMMARY — CORRECTED vs UNCORRECTED

Category	No. of Items	Total P&L Effect (BDT)	Total BS Effect (BDT)
Corrected misstatements (adjusted in accounts)	3	(7,10,00,000)	7,10,00,000
Uncorrected misstatements (management refused)	1	(2,40,00,000)	2,40,00,000
Trivial (excluded from aggregate)	1	—	—
Total Uncorrected vs. Overall Materiality	—	(2,40,00,000)	2,40,00,000

EVALUATION OF UNCORRECTED MISSTATEMENTS (ISA 450.10)

Uncorrected misstatement (Item 3): BDT 2.40 crore

Overall Materiality: BDT _______ crore

Assessment: [ ] Below OM — not material individually [ ] Exceeds OM — material

Management's reason for not correcting (Item 3):

"Management believes the three debtors have provided informal payment commitments and expects recovery within 60 days. Management disputes that a provision is required under BFRS 9."

Auditor's assessment of management's position:

[ ] Reasonable — no adjustment to opinion required

[ ] Unreasonable — consider effect on audit opinion

Partner decision: ________________________________________________

Conclusion & Opinion Implication

Corrected misstatements have been reflected in the revised draft accounts. One uncorrected misstatement of BDT 2.40 crore remains (Item 3). This is [ ] below / [ ] above Overall Materiality of BDT _______. The uncorrected amount has been communicated to those charged with governance per ISA 260. Effect on opinion: [ ] Unmodified (as corrected/below OM) [ ] Qualified (if material & management refuses). Final decision documented in D-06 (EQCR memo).

Prepared By

_____________________

Date: _________________

Reviewed By (Manager)

_____________________

Date: _________________

EQCR Partner

_____________________

Date: _________________

YES = Corrected in revised accounts NO = Not corrected by management TRIVIAL = Below trivial threshold — excluded Ref: ISA 450.5-12; ISA 320.12; ISA 705

Working Paper · C-99 · Journal Entry Testing (Fraud Risk — ISA 240)

[FIRM NAME], CHARTERED ACCOUNTANTS

Audit Working Paper — Fraud Risk Response

Journal Entry Testing — C-99

Client : [Client Name]

Year : 31 December 20XX

Ref : C-99

See : FRAUD-01; RA-01

Prepared By

________________

Date

________________

Reviewed By

________________

Date

________________

OBJECTIVES & SELECTION CRITERIA (ISA 240.32)

Objective: To test for management override of controls by examining journal entries for unusual or inappropriate entries that may indicate fraudulent financial reporting (ISA 240.32(a)).

Total journal entries in the year: ________ (from system extract)

Total journal entry value (absolute): BDT _______ crore

Selection criteria applied:

a. All entries posted after ___-Dec-XX (last 5 business days of year)

b. All entries posted by senior management / IT administrator users

c. All entries > BDT _______ with unusual account combinations (e.g., Dr Expense / Cr Revenue)

d. All round-number entries > BDT _______ (e.g., exactly 10,00,00,000)

e. All entries to reserves, retained earnings, goodwill, or deferred tax

Total items selected: ____ items (BDT _______ crore)

JOURNAL ENTRY TESTING SCHEDULE

JE Ref	Date Posted	Posted By	Dr Account	Cr Account	Amount (BDT)	Business Purpose	Evidence	OK?
JE-4521	31-Dec-XX	CFO (User ID: CFO01)	Revenue	Def. Revenue	4,10,00,000	Cut-off correction	Board resolution	✓
JE-4489	29-Dec-XX	IT Admin (IT01)	Expense	Accruals	85,00,000	Bonus accrual	HR approval note	✓
JE-4501	30-Dec-XX	CEO (User ID: CEO01)	Retained Earn.	Receivable	1,50,00,000	Write-off	No support found	FLAG
JE-4510	31-Dec-XX	CFO (CFO01)	Tax Expense	Tax Liability	3,20,00,000	Tax provision adj	Tax computation	✓
JE-4398	28-Dec-XX	System (AUTO)	Various	Various	Multiple	Automated deprec.	System generated	✓
JE-4512	31-Dec-XX	Manager (MGR02)	Goodwill	Profit/Loss	5,00,00,000	"Impairment reversal"	No valuation report	FLAG

EXCEPTION NOTES — FLAGGED ITEMS

JE-4501 — CEO write-off of BDT 1.50 crore to Retained Earnings: No board approval found. No credit committee approval. No correspondence supporting write-off decision. CFO inquired — stated it was an "old balance cleanup" approved verbally by the Chairman. Requested written approval; none provided. Proposed reversal: Dr Receivable BDT 1.50 crore / Cr Retained Earnings. Refer SAD-01 for disposition. Discussed with partner — potential management override; other journal entries scrutinised more widely. No further exceptions found.

JE-4512 — Goodwill impairment reversal BDT 5.00 crore: No valuation report; no impairment test documentation. Under IAS 36, impairment losses on goodwill CANNOT be reversed. This is a prohibited accounting treatment. Dr Goodwill / Cr P&L BDT 5.00 crore must be reversed. Proposed adjustment: Dr P&L BDT 5.00 crore / Cr Goodwill. If not corrected — Qualified opinion (material misstatement of assets and profit). Refer SAD-01. Discussed with EQCR partner.

Conclusion

Journal entry testing identified two significant exceptions requiring management response. One involves a potential management override (JE-4501) and one involves a prohibited accounting treatment (JE-4512 — IAS 36 violation). Both have been proposed for correction in SAD-01. Management has been notified per ISA 265. Fraud implications of JE-4501 have been discussed with the engagement partner and documented in FRAUD-01 (update). No pervasive pattern of manipulation was identified across the remaining sample.

Prepared By

_____________________

Date: _________________

Reviewed By (Manager)

_____________________

Date: _________________

Partner Sign-off

_____________________

Date: _________________

✓ = Supported by appropriate documentation; no exception FLAG = Unsupported / irregular; see exception note and SAD-01 Ref: ISA 240.32; ISA 500; IAS 36.124 (no reversal of goodwill impairment)

Master Checklist

Pre-Issuance Completion Checklist

Before the auditor's report is signed, the engagement partner must be satisfied that all the following have been completed. This checklist forms part of the completion file (D-10).

Working Paper · D-10 · Completion & File Assembly Checklist

[FIRM NAME], CHARTERED ACCOUNTANTS

Completion Working Paper

Pre-Report Completion Checklist — D-10

Client : [Client Name]

Year : 31 December 20XX

Ref : D-10

Report Date: _________________

Partner

________________

Manager

________________

EQCR Partner

________________

Report Date

________________

A — PLANNING & RISK

Item	Y/N/NA	WP Ref	Partner Initial
Client acceptance / continuance form signed	[ ]	B-01	_____
Engagement letter signed by client	[ ]	A-03	_____
Independence confirmation — all team members	[ ]	B-01	_____
Overall audit strategy documented and approved	[ ]	B-02	_____
Materiality determined and documented	[ ]	B-03	_____
Risk assessment register complete	[ ]	B-04	_____
Fraud risk brainstorming documented	[ ]	B-05	_____

B — FIELDWORK COMPLETION

Item	Y/N/NA	WP Ref	Partner Initial
All significant risk areas — substantive procedures complete	[ ]	See RA-01	_____
External confirmations received / alternative procedures performed	[ ]	C-10; C-30	_____
Inventory count observation performed and documented	[ ]	C-20-01	_____
Journal entry testing completed	[ ]	C-99	_____
Related party procedures complete; disclosures verified	[ ]	C-90	_____
All WPs reviewed and signed by manager	[ ]	All C-section	_____

C — COMPLETION PROCEDURES

Item	Y/N/NA	WP Ref	Partner Initial
Summary of Audit Differences prepared; partner reviewed	[ ]	D-01	_____
Uncorrected misstatements communicated to TCWG (ISA 260)	[ ]	D-01	_____
Going concern assessment documented and concluded	[ ]	D-02	_____
Subsequent events procedures performed to report date	[ ]	D-03	_____
Management representation letter signed and dated	[ ]	D-05	_____
EQCR partner has completed review and signed off	[ ]	D-06	_____
Final financial statements reviewed — presentation adequate	[ ]	D-08	_____
Auditor's report — wording approved by partner and EQCR	[ ]	D-07	_____
Management letter (control deficiencies) prepared	[ ]	D-09	_____

D — FILE ASSEMBLY

Item	Y/N/NA	WP Ref	Partner Initial
File index / table of contents completed and accurate	[ ]	File index	_____
All WPs cross-referenced and indexed	[ ]	All sections	_____
Digital file backed up / archived	[ ]	IT record	_____
File assembly date within 60 days of report date	[ ]	—	_____
Retention label affixed (7-year retention; destroy date: _______)	[ ]	—	_____

Partner Declaration

I confirm that I am satisfied all procedures required by Bangladesh Standards on Auditing (BSAs) have been performed, all significant matters have been resolved, and the audit file supports the opinion expressed in the auditor's report dated _______________. The EQCR partner has confirmed there are no unresolved matters.

Engagement Partner

_____________________

Date: _________________

EQCR Partner

_____________________

Date: _________________

File Assembled By

_____________________

Assembly Date: ________

Ref: ISA 230.14; ISQM 1.53; ISA 220.17; ISA 700; ISA 260

Audit Documentation Brief& Working Paper Templates

Why Documentation Matters

Who Uses Working Papers?

Engagement Team

EQCR Partner

Regulators (ICAB / FRC / BSEC)

Courts & Legal Proceedings

Subsequent Year Audit Team

Successor / Incoming Auditors

Audit File Structure

Cross-Referencing System

Document Retention Policy

What Must Be Preserved and How

Physical vs Digital File Requirements

Working Paper Standards

Every Working Paper Must Include

Header Information

Preparer Details

Reviewer Sign-off

Cross-References

Tick Marks Legend

Conclusion

Common Documentation Failures (ICAB / AFRAR Inspection Findings)

Specimen Templates — Ready to Use

Pre-Issuance Completion Checklist

Audit Documentation Brief
& Working Paper Templates