Audit Note Book


Definition 1

An Audit Note Book is used during the course of an audit to note down necessary points so that s/he does not forget them. When an auditor has to make several queries that might not have been satisfactorily answered, he might have taken down the totals of different books of account, and certain other points which he would like to incorporate in his audit report. This book is sometimes called Memoranda Book. The book itself may be a bound or loose-leaf book.

Definition 2

“Audit Note Book is a register maintained by the audit staff to record important points, observed, errors, doubtful queries, explanations, and clarifications to be received from the clients.” This notebook also has specific information relating to the daily functions of the audit clerks. Precisely, it is a compulsory notebook where a wide variety of things observed during the audit are noted or recorded. 

An auditor should maintain it systematically, clearly, and completely. Because this notebook can protect him against any legal charge of negligence. Undoubtedly, it helps the auditor immensely to prepare the audit report. Again, this Audit Note Book serves as a guide to conduct the audit for the coming years. 


Use of the Term in Sentences

  • It makes an auditor's job easier because of all critical details regarding the documentation on the audit note book, which the audit clerk can't recall all of the time.


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