Audit file
An audit file is one or more folders or other storage media containing audit documentation for an engagement. Firms often distinguish current engagement information from material of continuing relevance, while complying with retention and confidentiality requirements.
Worked example
Current-year confirmations and completion checklists are stored with the engagement working papers.
Common mistake
A permanent file does not justify omitting updates where a continuing contract or control has changed.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |