Lara,an accountant,conducts an audit of Microstuff,Inc.After the con?clu?sion of the audit,the working papers created in preparing the audit must be

Question

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According to Generally Accepted Auditing Standards, working papers must be maintained for seven years after the completion of the audit. This is to ensure that there is a record of the work performed and to provide evidence in case of future audits or legal inquiries.

Lara,an Accountant,conducts an Audit of Microstuff,Inc