Set your team up for success and compliance
If you’re working with Irish or EU-based clients, your working papers are more than just a formality,they’re your safety net for compliance, audit readiness, and quality assurance. From audit-exempt engagements to statutory reporting, solid documentation keeps your team aligned and protected.
To help, we’ve created The ultimate workpaper checklist tailored to the needs of Irish and EU practices.
What makes good working papers?
Quality working papers:
- Provide a record of work done and decisions made
- Document compliance with Companies Act, EU directives and local standards
- Create transparency for internal and external review
- Enable remote collaboration and team coordination
Your working paper checklist
Use this to tighten up your processes:
1. File overview
- Client name and reporting period
- Engagement scope (audit, review, compilation, etc.)
- Documented responsibilities and key contacts
2. Planning and risk
- Planning memoranda
- Materiality calculations
- Risk assessments and workflow plans
3. Evidence and supporting documents
- Source records (invoices, bank recs, contracts)
- Analytical review notes
- Cross-referenced schedules
4. Compliance indicators
- References to Companies Act or local standards (e.g., ISAs)
- Review and sign-off logs
- Internal checklists for completion
5. File closure
- Final outputs (accounts, letters)
- Signatures from preparer and reviewer
- Evidence of peer review or quality check
How MyWorkpapers supports EU-based firms
- Cloud platform enables real-time collaboration
- Audit templates that align with Irish GAAP and EU regulations
- Task lists and checklists for team coordination
- Status indicators for file progress and review stages
Why a checklist approach works
- Simplifies staff onboarding
- Speeds up reviews and audits
- Reduces errors and duplication
- Boosts file consistency across the firm
Final thought
Use our checklist to strengthen your working paper process and demonstrate your commitment to high-quality client work. With MyWorkpapers, it’s all built-in.
