What documents should be prepared for the auditor?
A list of documents to prepare in advance so that the audit runs quickly and smoothly.
If the folders are ready before the auditor arrives, the audit finishes several days sooner. That saves time and money. Here is a practical list.
Which documents are the main ones?
- Founding documents: charter, registration certificate, list of founders
- Order on the accounting policy
- Annual financial statements (the full set under paragraph 12 of NAS No. 1): balance sheet, statement of financial results, statement of equity, statement of cash flows and notes to the financial statements
- Trial balance as at the beginning and end of the year
- Bank statements and cash documents
- Contracts: main customers, suppliers, lease, loans
- Inventory count reports (at year end)
- List of fixed assets and the depreciation calculation
- Payroll sheets and the list of employees
- Tax returns and reconciliation statements with the tax authority
How should they be organised?
- Put each group in a separate folder or electronic directory
- Give files clear names: "2025_bank_statement_january"
- Obtain reconciliation statements for receivables and payables from counterparties in advance
What else might the auditor ask for?
Explanations of large or unusual transactions, management decisions (minutes) and information about court cases.
Test yourself
5 questions on this topic: pick an option or reveal the answer.
Which document establishes the procedure for recognising and applying International Standards on Auditing?
Under the IESBA Code of Ethics, which fundamental principle includes the auditor's duty to take steps so that staff working under their authority have appropriate training and supervision?
During tests of details, the auditor found misstatements in the documents selected for the sample. Under ISA 530, what does the auditor do with these misstatements?
In preparing a report, an auditor wants to use the texts of ISA 700 and ISA 705 and the model auditor's reports. On the official page of which body are they posted?
The auditor's report was signed on 1 March 2027. According to the application material of ISA 230 (audit documentation), what is usually an appropriate time limit for completing the assembly of the final audit file?
Answered: 0 / 50 of 5 correct
All tests →See also
Sources
- International Standards on Auditing (ISA) · requirements for audit evidence
- NAS No. 1 "Presentation of Financial Statements and Accounting Policies", paragraph 12 · composition of the annual financial statements
- List · prepared by the author, practical recommendation