An accountant should destroy working papers on the completion of an audit to avoid the possibility of having to provide evidence in a suit in which the accountant's competence is challenged.

Question

Quizplus · Accepted Answer

Accountants should retain working papers for a period of time as they serve as evidence of the audit work performed and the basis for the audit conclusions. Destroying them could be considered unethical and could also violate legal or professional requirements.

An Accountant Should Destroy Working Papers on the Completion of an Audit