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Commerce · Q478

Auditing

Graduate and Post Graduate · Commerce · question 478

Q478

For what minimum period should audit working papers be retained by audit firm?

A.
For the time period the entity remains a client of the audit firm
B.
For a period of ten years
C.
For a period auditor opines them to be useful in servicing the client
Answer
D.
For the period the audit firm is in existence

Answer: Option C

Solution

Answer: Option C
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