Electronic work papers
How to...
The starting point for the preparation of electronic work papers is to complete the details of the audit tests to be performed. This is done through "fill in the blanks" on an Excel worksheet and includes information such as type of test to be performed, data source, data elements to be tested, etc.
Once the details have been completed, a series of audit tests to be performed by the system can be started by clicking a button on an Excel worksheet. This will cause the system to perform the analysis, document the results and produce any charts of the results, where applicable.
The next step is for the auditor to review the results of the tests, edit the documents to add conclusions, comments, cross-references, etc. and then store the documents, either as a Word document, HTML or converted to Adobe PDF format.
Although the initial format for this project is to use Excel sheets for inputting testing parameters and performing the audit processing, later versions will use a standard Windows GUI.