In the AICPA’s Enhanced Oversight program, one in four audits is nonconforming due to a lack of sufficient documentation. This has been and continues to be a hot-button peer review issue. And it’s not going away.

But auditors ask, “What is sufficient documentation?” That’s the problem, isn’t it? The answer is not black and white. We know good documentation when we see it–and poor as well. It’s the middle that fuzzy. Too often audit files are poor-to-midland. Why?

Charles Hall writing for CPA-Scribo explores what comprises sufficient, and insufficient, audit documentation. While this piece was written for CPAs, his advice is applicable to just about any auditor and auditing function. Read more here.