• audit team members in a supervisory role can use audit documentation to help direct and supervise the audit work they can also use audit documentation to review the quality of the work performed. View homework help - case 111 from acg 5637 at university of florida the runners shop audit review schedule for 12/31/2013 audit # description of deficiency 1 the tickmark legend on schedule fi 110.
Case 111 the runners shop briefly answer, required questions related to this case: 1-3 with approximately 30 to 45 words required  describe the purposes of audit documentation and explain why each purpose is important. Case 11 runner shop index fi 1 prepared by my melissa yau date 9 29 2015 the runners shop audit review schedule for 12 31 2013 audit description of.
Case study business laundry shop 2674 words | 11 pages chapter i i summary: a name of the firm njd laundry shop a business is one of the most fundamental things to be arranged in starting a business. The audit team will use the audit documentation when identifying the level of risk they will accept and any high risk areas that need closer examination the use of audit documentation to perform the audit is essential so that the audit team have an accurate picture of the company’s financial information. Au 33904 goes on to state that this “audit documentation is an essential element of audit quality” and au 33905 further states that “audit documentation is the record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached.
Next year’s audit team will review this year’s audit documentation to identify these high risk factors that might affect the current year’s audit opinion • audit documentation is used by quality control reviewers to help “understand how the engagement team reached significant conclusions and whether there is adequate evidential support for those conclusions.
Audit documentation also may be referred to as work papers or working papers in the runners shop case, audit documentation is significant for the audit work performed by green and brown, llp, it has specific purpose to support the audit work.