Ivan is an auditor on the Optical Illusions Corp audit. Upon examining the audit program, he sees that he was given the task of performing analytical procedures on several balance sheet accounts. Ivan’s manager asked that he make sure that all of his documentation was in accordance with the proper auditing standards.

Required

a. Which auditing standards should Ivan examine pertaining to audit documentation if Optical Illusions is a public company? A nonpublic company?

b. List content that his audit documentation should include.

c. What should an outside third party examining Ivan’s work be able to tell from the work papers?