Audit documentation retention
Audit documentation retention is keeping the completed audit file securely for the period required by applicable professional standards, law and firm policy. The firm protects confidentiality, integrity and accessibility and controls subsequent changes to the file.
Worked example
A firm stores the completed audit file in a secure archive with controlled access and an established retention schedule.
Common mistake
Do not assume one retention period applies in every jurisdiction or that a permanent file never needs updating.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |