AUDITING+ASSURANCE SERVICES (LL)
AUDITING+ASSURANCE SERVICES (LL)
11th Edition
ISBN: 9781266448119
Author: MESSIER
Publisher: MCG
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Chapter 15, Problem 15.18MCQ
To determine

Introduction:

Auditor’s personal files are a collection of audit evidences, details of audit engagement and details of auditee which are relevant to the audit.

Auditor maintains a current year file, which contains details of audit engagement during the current audit period, whereas, a permanent file is maintained which contains information which is not subject to continuous changes based on period.

The permanent audit file contains details which are consistent year on year and seldom change, this file would contain information about the company’s organizational structure, business policies, accounting policies, various kinds of standard operating procedure files and such other consistent details.

To select: The correct option.

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