Multiple Choice
During the course of an audit engagement, an auditor prepares and accumulates audit working papers.The audit working papers should then be kept:
A) for a period not exceeding three years.
B) forever.
C) until the client ceases to exist.
D) until the end of seven years after the date of the audit report.
Correct Answer:

Verified
Correct Answer:
Verified
Q79: Which is NOT a major type of
Q80: A tour of the client's facilities is
Q81: Information such as organisation charts, flowcharts, and
Q82: ASA 300.05 requires the auditor to plan
Q83: Identify the three factors an auditor should
Q86: Why do auditors assess a high level
Q87: The current file of the auditor's working
Q88: One purpose of performing preliminary analytical procedures
Q88: Identify three ways audit software can be
Q89: Material transactions between the client and the