The publication on Audit Documentation focusses on “How the Auditor should do the documentation to safeguard himself”.

Documentation is a double-edged sword. If what is documented evidences that the audit was planned and performed to meet the standards on auditing, it can sturdily safeguard the auditor. This book focuses on small and medium firm auditors to ensure that their people spend time in understanding the requirements of the standards on auditing and build firm policies and procedures to comply with them.

It also provides good tips/guidance in detection of fraud by auditor and safeguarding himself. It is based on the principle that the strength of evidence, for an auditor, is the strength of the documentation of his audit.

Key Features:
  • Meets requirements of Indian and International standards
  • Preparing and Reviewing work papers
  • Organising and Managing Files
  • Best Practices and Hazards
  • Risk Assessment, Scoping and Planning Audits
  • Safeguarding Auditor in the Event of Fraud
  • Controls and Substantive Testing
  • Documenting Professional Judgements and Client Discussions
  • Audit Summary Memoranda
  • Illustrative work papers in Excel for All Key Audit Areas

About the Author:
Khurshed Noshir Pastakia graduated from the Sydenham College of Commerce and Economics, Mumbai, and completed his Chartered Accountancy in 1979. He is presently associated with Deloitte Haskins & Sells LLP as a Partner, Audit Division, and earlier has been associated with Price Waterhouse& Coopers and P C Hansotia & Co.

Apart from auditing some of Deloitte’s largest and most complex clients, including multinationals reporting under US GAAP and IFRS, Khurshed contributed to Deloitte’s Learning Function where, for several years, he was responsible for the nation-wide technical training of the firm’s audit personnel in both accounting and auditing. He also contributed to the firm’s Quality Function as Professional Practice 

Director for Western India Region, and currently oversees the administration of the Engagement Quality Control Review process. While continuing to practice as a professional, he also spent a decade in the teaching field with the SNDT University, Mumbai, where he was Lecturer and Head of Department of Accountancy, Chairman of the Board of Studies (Accountancy) and Member of the University’s Academic Council. He was involved with the Peer Review Board of the Institute of Chartered Accountants of India since its formation, and served as an invitee/ co-opted member of the Institute’s Auditing Standards Board for three terms. During this involvement he edited the 2nd edition of the Institute’s Peer Review Manual, and authored the Implementation Guide to SQC 1 and the Implementation Guide to Reporting Standards.

More Details about Evidence Your Audit: An Exhaustive Guide to Audit Documentation

General Information  
Author(s)FCA Khurshed Noshir Pastakia
PublisherCCH India
Publish YearApril 2016