한？미？국제 문서화 기준의 비교？분석 및 개정제안

The auditing standard for documentation is the most fundamental and essential standard in ensuring the quality of audits as the integrity of an audit depends on the existence of a complete and understandable documentation of the entire audit process. Accordingly, PCAOB and IFAC made audit documentation a priority in setting standards.The important concepts adopted in the newly promulgated PCAOB's AS No.3 and the revised IFAC's ISA 230 are that audit documentation should be sufficiently detailed to provide a clear understanding of the audit process to an experienced auditor not previously involved in the audit and that oral explanations do not provide sufficient support of the auditor's work, which implies the rebuttable presumption that the work had not been done if documentation does not exist. Furthermore, ISA 230 requires that the auditor should document reasons for a departure from a basis principle or an essential procedure in order to maintain greater rigor and consistency in the auditors' performance of ISA audits. Nevertheless, when the Korean Auditing Standards were revised in March, 2005, the previous Working Rules promulgated in 1999 by adopting IFAC's ISAs at such time were just splitted into the Standards and the Guidelines without reflecting any of changes made in ISA 230 or AS No.3. This study recommends that the Korean Auditing Standards should be described more clearly such as must, should or may as they could function as authoritative rules empowered by the Act Concerning External Audit of Joint Stock Corporations, that not only the basic principles and essential procedures in ISA 230 but also the above mentioned important concepts should be included in the auditing standard for documentation and that the standard-setting responsibility should be delegated to an organization which is independent of any organizations representing interests of certified public accountants.