7.
How long should audit documentation be retained? a) No less than five years from the date of the auditor's report.
b) No less than seven ,Documentation also includes records prepared by the entity's personnel .
Retention period of audit engagements is no shorter than seven years from the date of the auditor's report.,SA 230 requires the auditor to assemble all the audit documentation in an audit file and complete the administrative process of assembling the final audit file on a timely basis after the date of the auditor's report.,SA 230 requires the auditor to assemble all the audit documentation in an audit file and complete the administrative process of assembling the final audit file on a timely basis after the date of the auditor's report.,SA 230 requires the auditor to assemble all the audit documentation in an audit file and complete the administrative process of assembling the final audit file on a timely basis after the date of the auditor's report.,SA 230 requires the auditor to assemble all the audit documentation in an audit file and complete the administrative process of assembling the final audit file on a timely basis after the date of the auditor's report.,The SA 230 also provides definitions of key terms, including “audit documentation,” which is defined as the record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached.
