Which of the following are included in the permanent file and not in the current file?
A)Debt covenants
B)All testing and evidence gathered in preparation of the audit report
C)Correspondence with other auditors and specialists
D)Extracts from the minutes of meetings

Question

Quizplus · Accepted Answer

Debt covenants are typically included in the permanent file as they are relevant for multiple audit periods, whereas the other options are more specific to the current audit period.

Which of the Following Are Included in the Permanent File