Corporate Compliance

Tip: Gather Appropriate Documentation

Healthcare Auditing Weekly, October 2, 2007

For a successful audit, develop a set of working papers-either hard copy or electronic-that support the audit work down to the smallest detail. The OIG uses such working papers; every fact and statement in an OIG's written report is traceable to the working papers.

Additionally, the OIG's working papers contain documented evidence of supervisory review at many levels and quality controls to help ensure that complete, accurate information is presented in a fair and convincing manner.

Remember that working papers are to an audit what court documents are to a trial or court proceeding. A lawyer who goes to trial with an incomplete set of documents that is in disarray risks losing a case and possibly being charged with misrepresenting the client. Therefore, whether you ensure that your working papers meet physical specifications and are organized effectively could make or break your audit.

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