Accounting Working Papers
Worksheets are used to summarize year end accounting processes post adjusting journal entries create trial balances and prepare financial statements.
Accounting working papers. Audit working papers are used to document the information gathered during an audit. Accounting working papers history. Work papers are examined as part of a peer review examination as per the standards promulgated by the relevant.
One of the most common forms of working papers is a worksheet. They provide evidence that sufficient information was obtained by an auditor to support his or her opinion regarding the underlying financial statements. The working papers initially came about on the basis that if you need to do a calculation more than once put it on a spreadsheet.
Work papers provide the evidence upon which an auditor s opinion regarding a client s financial records is based. What does working papers mean. Work papers are the collection of documents assembled by an auditor while examining the financial records of a client.