1.Audit is an industry that deal with risks, so people involved must bear responsibility in their heart.
2.The working papers are made for others' reading, include for reviewers' reviewing. Working papers should be prepared to a situation that others who didn't involved in the engagement but equipped with proper common knowledge of audit could get a whole picture of the engagement through merely reading them.
3.Professional judgments is key of audit, and must be recorded and revealed by working papers.
4.Everyone in this industry should have proper risk awareness, and signatures on every page of working papers are essential to enforce this.
5.Every page of working papers should be signed by preparer once prepared, and signed by reviewer once reviewed immediately. This requirement means legal responsibility and commitment.
6.No engagement was completed until archived.
7.Financial aspect of most clients run badly, but it's also a valuable challenge for auditors. As you help them to become capable, and turn their vision from local to international, you acquired their respect as reward.
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