FORM, CONTENT AND EXTENT OF AUDIT DOCUMENTATION

 Form, Content and Extent of Audit Documentation

The form, content and extent of audit documentation depend on factors such as:

1. The size and complexity of the entity.

2. The nature of the audit procedures to be performed.

3. The identified risks of material misstatement.

4. The significance of the audit evidence obtained.

5. The nature and extent of exceptions identified.

6. The need to document a conclusion or the basis for a conclusion not readily determinable from the documentation of the work performed or audit evidence obtained.

7. The audit methodology and tools used