What should an audit file look like?
This series of articles is intended to assist ACCA members in addressing the evidencing of key stages in the audit process to demonstrate compliance with the Institute of Internal Auditors (IIA) International Professional Practice Framework (IPPF). The IIA IPPF is also the underlying basis for other sector specific internal audit standards such as the UK Public Sector Internal Audit Standards (PSIAS).
To keep these articles succinct, they assume a basic knowledge of the professional standards and the terms used therein; detail and definitions are provided within the published standards.
Some terms used within the Standards have been substituted for those more commonly used in the UK, such as Chief Internal Auditor (CIA) in place of Chief Audit Executive.