Question

Audit working papers to be split between ___________.

• A. current working paper files for the year under review.
• B. permanent working papers files consist of permanent records likely to be required in future year also.
• C. both of the above
• D. none of the above

Answer 1

Answer: (C)

both of the above

During the audit of any organization, auditors refer various documents of the company. Parallel, Auditors have their own working papers. These all referred documents and working papers must be split in to two parts:

1) Permanent working papers like MOA, Statutory records etc are to to kept separately which may be required during future reference.

2) current working papers for the year under review.