Audit documents 001

For a Bangladesh statutory audit (Companies Act 1994, ISA as adopted by ICAB, FRC Bangladesh requirements, Big-4 methodology, ISQM 1/2), the audit file should be organized in chronological order from client acceptance to archive.

The list below is intentionally comprehensive and follows the actual audit timeline.

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Phase 1: Client Acceptance & Continuance

A. Client Acceptance File

1. Engagement acceptance checklist

2. Continuance assessment

3. Client profile sheet

4. Corporate structure chart

5. Ultimate beneficial ownership (UBO) details

6. Related party mapping

7. Integrity assessment of management

8. Independence declaration

9. Conflict of interest assessment

10. AML/KYC documentation

11. Risk assessment of client

12. Previous auditor communication

13. Professional clearance letter

14. Background search documentation

15. Sanctions screening

16. Litigation screening

17. Engagement risk rating

18. Engagement approval memo

19. Partner approval documentation

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Phase 2: Engagement Setup

B. Engagement Administration

20. Signed engagement letter

21. Audit strategy memorandum

22. Audit timetable

23. Staffing plan

24. Budgeted hours

25. Materiality determination

26. Performance materiality calculation

27. Trivial threshold determination

28. Audit team independence confirmation

29. Specialist involvement assessment

30. Component auditor assessment

C. Permanent File Update

31. Certificate of incorporation

32. Memorandum & Articles

33. RJSC filings

34. Trade license

35. TIN certificate

36. VAT registration

37. Bank facility agreements

38. Major contracts

39. Lease agreements

40. Insurance policies

41. Board structure details

42. Group structure

43. Prior years' audited FS

44. Accounting policy manual

45. ERP/System overview

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Phase 3: Understanding the Entity (ISA 315)

D. Entity Understanding

46. Industry analysis

47. Economic environment assessment

48. Regulatory environment assessment

49. Business model documentation

50. Revenue stream analysis

51. Operational process mapping

52. Key management personnel list

53. Organizational chart

54. Governance assessment

55. Fraud risk brainstorming memo

56. Going concern preliminary assessment

E. Process Documentation

57. Revenue cycle walkthrough

58. Procurement cycle walkthrough

59. Inventory cycle walkthrough

60. Payroll cycle walkthrough

61. Treasury cycle walkthrough

62. Fixed asset cycle walkthrough

63. Financial close cycle walkthrough

F. Internal Control Documentation

64. Risk Control Matrix (RCM)

65. Flowcharts

66. Narratives

67. Walkthrough testing

68. IT environment understanding

69. ITGC assessment

70. Segregation of duties analysis

71. Key controls identification

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Phase 4: Risk Assessment

G. Risk Assessment File

72. Significant risks memo

73. Fraud risks memo

74. Journal entry fraud assessment

75. Revenue recognition risk assessment

76. Management override assessment

77. Related party risk assessment

78. Going concern risk assessment

79. Compliance risk assessment

80. Preliminary analytical review

81. Risk universe document

82. Financial statement level risks

83. Assertion level risks

84. Risk-response linkage document

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Phase 5: Test of Controls

H. Control Testing

85. Control testing strategy

86. Sample size calculation

87. Control testing working papers

88. Control exceptions log

89. Deficiency evaluation memo

90. Compensating controls assessment

91. ITGC test results

92. Application control testing

93. User access review testing

94. Change management testing

95. Backup recovery testing

96. Control reliance conclusion

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Phase 6: Substantive Audit

Cash & Bank

97. Bank confirmation

98. Bank reconciliation testing

99. Cash count report

100. Cut-off testing

101. Foreign currency testing

Receivables

102. AR lead schedule

103. Debtor confirmation control sheet

104. Positive confirmations

105. Negative confirmations

106. Alternative procedures file

107. Subsequent receipt testing

108. ECL assessment

109. Aging analysis

Inventory

110. Inventory lead schedule

111. Inventory attendance memo

112. Inventory count sheets

113. Count test documentation

114. Inventory reconciliation

115. NRV testing

116. Obsolescence assessment

117. Inventory cut-off testing

Fixed Assets

118. FAR reconciliation

119. Additions testing

120. Disposal testing

121. Physical verification report

122. Depreciation recalculation

123. Impairment assessment

Investments

124. Investment schedule

125. Valuation testing

126. Market value verification

127. Fair value assessment

Revenue

128. Revenue lead schedule

129. Sales cut-off testing

130. Sales invoice testing

131. Contract review file

132. IFRS 15 assessment memo

133. Analytical review

134. Journal testing

Purchases & Expenses

135. Expense lead schedule

136. Vouching working papers

137. Accrual testing

138. Expense cut-off testing

139. Related party expense review

Payroll

140. Payroll reconciliation

141. Employee master verification

142. Payroll recomputation

143. Tax deduction testing

Borrowings

144. Loan confirmation

145. Interest recalculation

146. Covenant compliance review

Provisions

147. Legal confirmation

148. Provision assessment memo

149. IAS 37 review

Taxation

150. Current tax computation review

151. Deferred tax calculation

152. Tax assessment status

153. Tax provision review

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Phase 7: Completion Stage

I. Completion Procedures

154. Completion checklist

155. Subsequent event review

156. Going concern final assessment

157. Final analytical review

158. Misstatement summary

159. SAD schedule

160. Materiality reassessment

161. Disclosure checklist

162. IFRS compliance checklist

163. Companies Act compliance checklist

164. FRC compliance checklist

165. Related party disclosure review

166. Segment disclosure review

167. Going concern disclosure review

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Phase 8: Management Representations

J. Management Representation File

168. Draft representation letter

169. Signed representation letter

170. Fraud representation

171. Related party representation

172. Going concern representation

173. Litigation representation

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Phase 9: Reporting

K. Financial Statements Review

174. Draft FS

175. Final FS

176. Cross-reference review

177. Disclosure review notes

178. Financial statement tie-out

L. Audit Opinion File

179. Engagement quality review documents

180. EQCR clearance

181. Partner review notes

182. Resolution log

183. Final opinion memorandum

184. Key audit matters memo

185. Emphasis of matter memo

186. Audit report

187. Signed auditor report

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Phase 10: Governance Communication

M. TCWG Communication

188. Audit findings report

189. Internal control deficiencies report

190. Management letter

191. Audit committee presentation

192. Board presentation

193. TCWG communication letter

194. Significant deficiencies communication

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Phase 11: Archiving & Quality Control

N. Archiving File

195. File completion checklist

196. Archiving checklist

197. Final version control log

198. Locked file evidence

199. Retention schedule

200. Archive approval

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Additional Big-4 / FRC / ISQM Best-Practice Documents

201. Engagement Quality Risk Assessment

202. Root Cause Analysis (prior year findings)

203. Data Analytics Plan

204. Journal Entry Testing Universe

205. Fraud Interview Notes

206. Significant Estimate Challenge Memo

207. Professional Skepticism Documentation

208. Management Bias Assessment

209. ESG Reporting Consideration Memo

210. Cybersecurity Risk Assessment

211. Audit Evidence Sufficiency Memo

212. Contradictory Evidence Register

213. Consultation Memorandum

214. Hot Review Documentation

215. Cold Review Documentation

216. ISQM Monitoring Findings

217. Independence Monitoring File

218. Engagement Performance Review

219. Coaching Review Notes

220. Lessons Learned Memo

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ISA Mapping (Most Important)

Area Primary ISA

Acceptance ISA 220, ISQM 1

Planning ISA 300

Materiality ISA 320

Risk Assessment ISA 315

Fraud ISA 240

Responses to Risks ISA 330

Audit Evidence ISA 500

Confirmations ISA 505

Estimates ISA 540

Related Parties ISA 550

Subsequent Events ISA 560

Going Concern ISA 570

Written Representations ISA 580

Reporting ISA 700–706

Group Audit ISA 600

Quality Management ISQM 1 & ISQM 2

For a large Bangladeshi listed company audit, a fully documented Big-4-style file will often contain 300–600+ individual working papers, with the above list forming the core chronological audit trail expected by ISA, FRC Bangladesh inspections, and ICAB practice reviews.

Claude prompt

Claude Prompts I Use Every Single Day (Copy These)

Prompt 1 — The Explainer

When to use it: You have encountered a concept you do not fully understand and want it explained properly… not just a Wikipedia summary.

“Explain [concept] to me like I already understand the basics but have never gone deep on it. Start with why it matters before you explain how it works. Use a real example, not a toy one.”

What makes this work: the phrase “why it matters before how it works” completely changes the shape of the response. You get context before mechanics… which is how humans actually learn things.

Prompt 2 — The Code Reviewer

When to use it: You have written code and want honest feedback before anyone else sees it.

“Review this code as a senior developer who cares about maintainability above everything else. Do not just tell me what works. Tell me what will cause problems in six months, what a new developer would find confusing, and what you would rewrite if it were yours.”

The key phrase is “if it were yours”… it shifts Claude from polite feedback to real feedback. The difference is significant.

Prompt 3 — The First Draft Starter

When to use it: You are staring at a blank page and cannot make yourself start writing.

“I need to write [type of piece] about [topic]. My audience is [describe them]. I want the tone to feel [describe tone]. Write me three different opening paragraphs… each with a different approach. I will pick one and take it from there.”

Three options prevents the paralysis of the blank page. You are not choosing whether to start… you are choosing which start you like best.

Completely different feeling.

Prompt 4 — The Devil’s Advocate

When to use it: You have made a decision and want to pressure test it before committing.

“I have decided to [your decision]. I am fairly confident it is right. Now argue against it as strongly as you can. Do not soften it. Find every real weakness, assumption I might be making, and thing I might have missed.”

Most people use Claude to confirm their thinking. This prompt does the opposite… it challenges your thinking.

The decisions I have run through this have come out either stronger or completely changed. Both outcomes are good.

Prompt 5 — The Email Fixer

When to use it: You have drafted a message and it is not quite landing the way you want.

“Here is an email I have written: [paste email]. The problem is it feels [too formal / too aggressive / too vague / too long]. Keep my meaning exactly. Keep my voice. Just fix the feeling.”

“Keep my voice” is the phrase that matters most here… without it, Claude rewrites the email in its own voice and you lose the personal quality that makes it yours.

Prompt 6 — The Learning Accelerator

When to use it: You are starting to learn something new and want a proper roadmap instead of random YouTube videos.

“I want to learn [skill or topic]. I currently know [your starting point]. I have [time available] per day. Give me a week-by-week learning plan with specific things to do each week… not just topics to read about. Actual tasks.”

“Actual tasks” is the phrase that transforms this from a syllabus into a plan.

The difference between “learn about REST APIs” and “build a working REST API with three endpoints” is everything.