Your audit files must contain all
they need to, but no more, say David Chopping and John Selwood.
New auditing standards must mean at least some new requirements.
More work and larger audit files? Having to document lots of things
that are of no relevance to the audit of a simpler entity?
Well, Yes And No.
Of course the clarity International Standards on Auditing (ISAs)
coming into force for December 2010 year ends include requirements
not present in the current standards. Some of these have been covered
in previous issues of Accountancy, and others will be in months to
come, and, where relevant, audit files will need to document how those
requirements have been met.
