If an audit partner reviewing an engagement was attempting to locate details of long-term contracts and agreements, this information would be found in ________.
A)the representation letter
B)communications with the client's attorney
C)the permanent file
D)the current file

Question

Quizplus · Accepted Answer

The permanent file contains information of continuing audit significance, such as details of long-term contracts and agreements, which are relevant to multiple accounting periods.

If an Audit Partner Reviewing an Engagement Was Attempting to Locate