Client information and documentation that applies to multiple audits should be________.
A)stored in the current file
B)stored in the permanent file
C)destroyed upon completion of the audit
D)returned to the client upon completion of the audit

Question

Quizplus · Accepted Answer

Client information and documentation that applies to multiple audits should be stored in the permanent file. This includes items such as organizational charts, chart of accounts, and contracts that have a continuing effect. The permanent file is a repository for information that has continuing importance beyond the current year's audit, and is not destroyed or returned to the client.

Client Information and Documentation That Applies to Multiple Audits Should