How long does the Corporations Act require audit working papers to be kept for?
A) it is not specified in law.
B) for as long as they are useful.
C) for 7 years.
D) permanently.

Question

Quizplus · Accepted Answer

The Corporations Act requires audit working papers to be kept for 7 years. This is to ensure that there is a sufficient record of the audit work performed to support the auditor's conclusions, should they need to be reviewed or referred to at a later date.

How Long Does the Corporations Act Require Audit Working Papers