Permanent and Current Audit Files (3) Flashcards
1
Q
What does the current audit file also contained?
A
Working papers covering each audit area
2
Q
What should these working papers include?
A
A legal schedule for each balance in the FSs and a list of audit procedures performed along with results and conclusions of testing
3
Q
What is an appropriate time limit within which to complete the assembly of the final audit file?
A
Ordinarily not more than 60 days after the date of the auditor’s report
