Statement No. 39-- Working Papers.

The article discusses the background and the goals of Statement No. 39 of the American Institute of Certified Public Accountants regarding working papers. The statement is an expansion of Statement No. 33 which provided a broad outline of standards regarding working papers. Guidelines established by Statement No. 39 include: the need to show that the work has been planned and are properly supervised and reviewed; the importance of demonstrating that the scope of the work was established by evaluating the effectiveness of the client's internal control system; and the importance of showing that processes used in getting evidence may be of any form as long it allows the identification of the work done by the auditor. INSET: A Comparison of Prior and Current Requirements In Computing....