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Libin Jacob ACCA says
May 16, 2018 at 11:39 am
Sir, is the time period for the retention of working papers is minimum 5 years or 7years. Some books are giving it as 5 years. Thank you
Ken Garrett says
May 16, 2018 at 7:42 pm
ISQC (UK) 1 (Revised June 2016) (or national requirements that are at least as demanding) requires firms to establish policies and procedures for the retention of engagement documentation.The retention period for audit engagements ordinarily is no shorter than five years from the date of the auditor’s report.
September 1, 2016 at 11:54 am
I am studying F8 from Kaplan and their book stated that the files should be kept minimum for 5 years. I noticed your slides suggested 7 years. Could you please advice me on that point? I only want to make sure that I can answer that question correctly if ever asked at the exam..Thanks a lot
September 1, 2016 at 12:17 pm
It’s seven years.I also use Kaplan, but other materials state seven.
September 4, 2015 at 11:40 am
NCA adds up incorrectly in the second slide.
September 4, 2015 at 4:17 pm
Thanks – it will be corrected at some point.
You should be an auditor! (Perhaps you are.)
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