For what minimum period should audit working papers be retained by audit firm??

Audit Mcqs
BILAL KHATTAK0

A. For the time period the entity remains a client of the audit firm.
B. For a period of ten years 
C. For a period auditor opines them to be useful in servicing the client  
D. For the period the audit firm is in existence.

Related Mcqs:

  1. The working papers which auditor prepares for financial statements audit are___________??
  2. Which of the following statement best describes the understanding with respect to ownership and custody of working papers prepared by an auditor??
  3. Which of the following statement is true regarding an auditor’s working papers??
  4. The quantity of audit working papers complied on engagement would most be affected by__________??
  5. Audit programme is prepared by____________??
  6. Of the following, which is the least persuasive type of audit evidence??
  7. Which of the following factors is most important in determining the appropriations of audit evidence??
  8. Which of the following is not an advantage of the preparation of working paper??
  9. Audit in depth is synonymous for____________??
  10. Which of the following factors would least likely affect the quantity and content of an auditor’s working papers?

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