A more thorough explanation:

Definition: Working papers are documents that serve as proof of a person's eligibility to work or as records of an audit conducted by an independent auditor.

A work permit is a type of working paper that is required in some states before a minor can be hired for a job. It is an employment certificate or permit that proves the minor is legally allowed to work.

In accounting, working papers refer to the records kept by an independent auditor during an audit. These records include the procedures followed, tests performed, information obtained, and conclusions reached during the audit.

For example, if an auditor is conducting an audit of a company's financial statements, they will keep detailed records of the steps they took to verify the accuracy of the information presented in the statements. These records serve as evidence of the auditor's work and help to ensure that the audit was conducted in a thorough and professional manner.

Overall, working papers are important documents that serve as proof of eligibility or as records of important processes and procedures. They are essential for ensuring compliance with laws and regulations and for maintaining accurate and reliable records.