Audit note book means a book which contains difficulties arisen in course of auditing, uncleared quarries or points to be discussed with the auditor and the points which are to be incorporated in the report. It is also called audit memoranda. It is the record of things which are asked, received, answers and unclear quarries etc. For an auditor audit note book is indispensable. It helps the auditor more to prepare the auditing report. If the great value to the auditor subsequently in case a suit is filed against him for negligence. Audit note book is the important document of auditor. It makes the auditor clear about the past things which he has forgotten at present. Furthermore, it provides as guideline for an auditor if he has to audit in the same company next year.
Contents of audit note books
The following points are the contents of the audit note books:
- Audit program
- A List of the books of account
- Names of the principal officers, their duties and responsibilities
- Technical subjects used by the business
- Points to be discussed later
Contents of audit note books
The following points are the contents of the audit note books:
- Audit program
- A List of the books of account
- Names of the principal officers, their duties and responsibilities
- Technical subjects used by the business
- Points to be discussed later
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